Hi All,
Can anyone quickly help me over here,
How can we short and hold an equity position for 2-3 days?
Note: I am not holding any shares of that Co. in my account.
I want to know this because, I can see HPCL futures are trading at a discount of Rs. 20/share today.
The Ex-Dividend date is 2nd of Sep, 2015
So, probably the prices of both equity and futures would be nearly the same on 2nd of Sep.
I want to short HPCL in equity and buy 1 lot of futures.
Let me know your thoughts on this as well and any hidden cons if this position is taken...
Regards,
Mangesh