Short selling means selling a stock first and buying it back later — you profit when the price falls. On Rupeezy you short sell using an Intraday order: you sell the stock without owning it, then buy it back (square off) the same day before the market closes.
How to short sell on the Rupeezy app
1. Search for the stock you want to short and open it.
2. Tap Sell to open the sell order screen.
3. Select Intraday as the product type (the left-most tab). Intraday is the product type used for short selling — the position must be squared off the same day.
4. Enter the Quantity, and choose your price — Market (sell immediately at the current price) or Limit (sell at a price you set).
5. Tap the SELL button to place the order.
Your position now shows a negative (short) quantity in the Positions tab.
Squaring off your short position
To close a short position, you buy back the same quantity of the stock:
1. Open the Positions tab.
2. Select your short position and tap Exit / Square off.
3. Place a Buy order for the same quantity.
Your profit or loss is the difference between your sell price and your buy-back price.
Important: An intraday short position must be squared off the same day. If you don't square it off, Rupeezy's system auto-squares-off open intraday positions near market close. Equity short positions cannot be carried forward to the next day.
Want to hold a short position overnight?
You cannot carry an equity short position beyond intraday. To take a bearish position for more than a day, use the derivatives (F&O) segment instead — for example, sell (short) a stock future or buy a put option.
Things to keep in mind
- Risk is high. If the stock price rises instead of falling, your loss grows as the price goes up.
- Some stocks are under surveillance measures and show a warning before you can place the order.
- Short selling is only available on stocks allowed for Intraday trading.