Short sell
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 October 2011
plzz reply
Dear sir,
if i do short sell than it's compulsory to purchase that shares on that same day of sell?????????
and if yes than what will do if i'll not purchase that shares on that same day??????
Dear sir,
if i do short sell than it's compulsory to purchase that shares on that same day of sell?????????
and if yes than what will do if i'll not purchase that shares on that same day??????
25 October 2011
Yes, you cannot keep short sale open.
If short sale is not covered, it may attract penalty as levied by exchange. Some broker charges penalty as higher of following:-
1. Highest price of day of sale + 2 days thereafter, or
2. 7% up of close price on day of sale
If short sale is not covered, it may attract penalty as levied by exchange. Some broker charges penalty as higher of following:-
1. Highest price of day of sale + 2 days thereafter, or
2. 7% up of close price on day of sale
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