Hi.
I'm currently using ICICIDirect. However, their MarginPlus product allows one to hold a stock only till the end of the day and the Margin product also makes you square off before delivery (T+2).
I'd like to be able to trade on margin, but hold onto a stock for longer than 1-2 days (swing trading). I've heard that Sharekhan offers a holding time of 5 days? Is this accurate and are there any brokers that offer margin trading with a hold time which is similar or longer?
Is it possible to negotiate with a bank to provide the margin trading facility if no broker is offering something like this for swing trading?
Thanks in advance!
I'm currently using ICICIDirect. However, their MarginPlus product allows one to hold a stock only till the end of the day and the Margin product also makes you square off before delivery (T+2).
I'd like to be able to trade on margin, but hold onto a stock for longer than 1-2 days (swing trading). I've heard that Sharekhan offers a holding time of 5 days? Is this accurate and are there any brokers that offer margin trading with a hold time which is similar or longer?
Is it possible to negotiate with a bank to provide the margin trading facility if no broker is offering something like this for swing trading?
Thanks in advance!