Short selling

[piyushgoel]

Hi!

I am a RelianceMoney customer. I want to try my hands on Intra-day short selling and came to know that it can be done only on those stocks on which margin trading facility is being provided. Reliancemoney provides this only for around 200 BSE stocks which means only 10% of the stocks trading on BSE. Can anyone suggest me another online trading option where the service provider is giving margin trading facility on maximum no. of stocks.

Regards,
Piyush Goel

[Ajay.Joglekar]

Hi!

I am a RelianceMoney customer. I want to try my hands on Intra-day short selling and came to know that it can be done only on those stocks on which margin trading facility is being provided. Reliancemoney provides this only for around 200 BSE stocks which means only 10% of the stocks trading on BSE. Can anyone suggest me another online trading option where the service provider is giving margin trading facility on maximum no. of stocks.

Regards,
Piyush Goel

From what i remember when i used to short sell 3-4 stocks everyday and i like to short a lot :), i found indiainfoline/5paisa to be very good. I could short mostly any stock intraday that i wanted except Z category. Those too sometimes i could short. I dont know if something has changed since then. This was around 3-4 years back. You may want to check with them.

-Ajay

[Prashanth]

From what i remember when i used to short sell 3-4 stocks everyday and i like to short a lot :), i found indiainfoline/5paisa to be very good. I could short mostly any stock intraday that i wanted except Z category. Those too sometimes i could short. I dont know if something has changed since then. This was around 3-4 years back. You may want to check with them.

-Ajay

Z category stocks on BSE are Trade to Trade. I don't think that there is any way one can short them for intra-day unless one has delivery.

As regards to other stocks, I am surprised that online brokers do not allow shorting it easily since risk for a client remains the same - short or long. Only thing is that if client forgets to close out the position, there are additional entries for the broker, but then again, additional charges too can be levied :D

[piyushgoel]

Hi Ajay/Prashanth!

Thanks a lot for your prompt replies. I'll check with 5 paisa.com. Any comments about their charges/server-speed as compared to other service providers like Reliancemoney, sharekhan etc.?

Regards,
Piyush Goel