suppose ,I have bought 100 share of SBI in intraday. if stock price goes down for 10 points, i would like to place SHORT order on the same stock, instead of booking LOSS. so how can i place 2 orders at a time (not Stop loss). if stock price goes down (want to sell /Short 200 Stocks), my sell should be triggered . Now both BUY and SELL both should be in ACTIVE Status.?
help on this ?
Buy 100 shares of SBI in CNC. Place a Sell SLM order for 200 shares in MIS, 10 points lower. Now if SBI falls 10 rupees from your buy price, then 200 shares will be sold in MIS and both your buy position of 100 qty in CNC and sell position of 200 qty in MIS will be open.
Ensure you sell out the buy CNC position before the end of the day as otherwise, this will be taken into Holdings. Also, you require full cash for CNC trades. Margin available only for MIS here.
What’s the use of doing this? This is similar to doing a BUY of NIFTY November FUTURES and SELL of NIFTY December FUTURES at the same time. You dont benefit at all. Or am I missing something?
if you buy futures and hedge with 2 lots or PE or selling 2 CE ITM it makes sense. But how would buying futures for this month and selling futures of next month make sense?
It will go up and down in the same way isnt it? when delta = 1 for both, how will it make money?
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