Can I go short on a stock & square it off after few days?

Greetings, I am a newbie and having a doubt, Could you please clarify the sam.

Suppose, a stock is in downtrend from past few sessions & my point of view is bearish on it, then :

In the spot market, I go short (sell) on this stock today & intend to buy it (square off) after few days.

Can I do it?

Or do I have to bear some penalty for it?


Check this link. As equity shorting is possible for intraday only one can choose to buy put options or short futures on underlying provided it has derivatives on it.