Can ETFs be shorted for more than one day in India?

NJ23

NJ23

Well-Known Member
#1
#1
I was wondering if it's possible for individuals to 'short' an ETF and carry the position for more than one day? Also is it possible to short it intraday?
 
R

rh6996

Well-Known Member
#2
#2
NJ23 said:
I was wondering if it's possible for individuals to 'short' an ETF and carry the position for more than one day? Also is it possible to short it intraday?
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Welcom to Traderji !

ETF's and for that matter anything that does not have a Futures contract cannot be shorted overnight, not even for a day! You shall have to "cover" the short before the close of the market.

You have asked "In India". Wondering, can it be done elsewhere?
 
NJ23

NJ23

Well-Known Member
#3
#3
I know they can be shorted intraday in the US but unsure about overnight.
 
A

Anarchist

Member
#4
#4
Actually there is something known as SLBM, which u can hold overnight short positions in cash markets , however it is available only for stocks which are in the derivatives segment. Ask ur broker about it. Not many brokers offer this service since it is not very popular .:)
 
NJ23

NJ23

Well-Known Member
#5
#5
I believe you are talking about the inter-settlement borrowing right? Wherein you can short overnight and have to cover before delivery T+2?
 
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