Short Sell

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  #1  
Old 30th November 2005, 11:57 AM
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sachinrs is on a distinguished road
Question Short Sell



Hye All Of U,
Because Of The Confusion With The Broker I Hv Short Sold 275 Hll At Around 188. Now Wht Will Be The Consequences Of The Same. Important Thing Is Tht It Was The Mistake Of Broker Who Purchased It In Nse Whn I Told For Bse. Pls Help Me Out In The Same....

Best Regards,
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  #2  
Old 30th November 2005, 12:03 PM
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Default Re: Short Sell

Your short positions will be covered from the auction market.

If your broker is fair enough, he will cover up the loss in his a/c.

Thanks and Regards
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  #3  
Old 30th November 2005, 12:09 PM
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Default Re: Short Sell

Quote:
Originally Posted by supratik
Your short positions will be covered from the auction market.

If your broker is fair enough, he will cover up the loss in his a/c.

Thanks and Regards
Thx for ur rply. One more thing wud like to ask u tht how much time will it take n wht if hll value is increased or decreased?? pls will be gr8ful if u can explain it fully.
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  #4  
Old 30th November 2005, 12:36 PM
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Default Re: Short Sell

Hi Sachin,

I am not sure how much time it will take. You can better check it with your broker.
In the meantime you can re-enter HLL at current price of 188.40 with a target of 225.

Happy trading
-Birjubanarasi
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  #5  
Old 30th November 2005, 12:58 PM
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Default Re: Short Sell

Auction settlement is T+3. So it will be after 3 rd day you short it.
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  #6  
Old 30th November 2005, 06:30 PM
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Default Re: Short Sell

Quote:
Originally Posted by supratik
Your short positions will be covered from the auction market.

If your broker is fair enough, he will cover up the loss in his a/c.

Thanks and Regards
Supratik bhai is it possible if somebody exchange my shares of NSE with BSE?? n will there be any fine for short sell??
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  #7  
Old 25th February 2006, 08:38 PM
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Default Re: Short Sell

hi sachinrs
if u still hold HLL bought in NSE then u woudnt face any loss(if the price off
HLL dont fall)
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