Can I buy a share today and sell the same day?
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ICICIdirect Executive Thank you for the query. We would like to inform you that intraday/margin broker mode transactions can be placed using the Margin Buy or Margin Sell tabs under the Place order link on the Equity page.
Margin Buy - Place an intraday buy order for stocks
Margin Sell - Place an intraday short sell for stocks
Pathway: Log into your account (new website) > Equity > Place Order > Margin Buy / Margin Sell
The Margin Open Position page displays margin open positions taken in the current settlement and provides you the facility to:
> Add margin - You can add additional margin against positions taken in the current settlement
> CTD (Convert to Delivery) - You can convert margin position to Cash position and take delivery of the same
> Square off - You can place square off order against your position using this link
> Change mode - You can change the mode of the positions taken in the current settlement from Broker to Client and vice-versa
Pathway: Log into your account (new website) > Equity > Open Positions > Margin