uTrade AlgosDelivery trading involves holding shares for the long term, ranging from a few days to months or even years. To get started, you’ll need an active demat account, and with Share India, you can open your demat account at zero opening charges. Here’s the full breakdown of the process of using Share India’s demat account and trading account for delivery trading.
Process to Begin Delivery Trading with Share India
Open Your Demat and Trading Account
Start by creating a demat account with Share India. It’s quick, easy, and hassle-free. To unlock the full account opening process, refer to this.
Add Funds to Your Trading Account
Once your account is active, you’ll need to fund your trading account to start placing orders. For a step-by-step guide, follow the instructions here
Placing Your Delivery Trade on Share India
After funding your account, the next step is to learn how to place a delivery trade on the platform. Below is an overview of the delivery trading process via Share India web platform and stock trading app:
Via Web Portal
Step 1: On the main dashboard of Share India’s web trading platform, you’ll see the ‘Watchlist’ section. This is where you can find stocks you are interested in. You can either place a delivery order for a stock already on your watchlist or search for any stock you wish to trade.
The watchlist helps you keep track of the stocks you’re interested in, making it easy to place orders directly from there.
Step 2: Once you’ve found the stock you want to buy, look for the ‘Buy’ option under the stock’s details in the watchlist or overview section and click on it to initiate the process.
Step 3: In the order window, select the ‘Delivery’ checkbox to confirm that this is a delivery trade. You’ll also need to specify:
- Quantity: The number of shares you wish to buy.
- Price: The price at which you are willing to buy the shares.
- Trigger Price (Optional): For stop-loss orders
- Order Type: You can choose between a Limit Order (for a specific price) or a Market Order (at the current market price).
- Scheduled Orders: If you want to place the order for later, you can schedule it at a time that suits you.
- Disclosed Quantity: If you are not willing to disclose the entire quantity of your order in the market, set the disclosed quantity and specify the quantity you wish to disclose. This can be beneficial for transparency, especially in larger orders, so it does not affect market liquidity.
Step 4: Before finalising the order, you can click on ‘Charges’ to view the breakdown of applicable charges and taxes. This will help you understand the cost of the trade, including brokerage fees, transaction charges, and other applicable taxes.
Step 5: Once everything looks good, click the ‘Buy’ button to place or schedule your delivery order. Your trade will be executed according to the details you provided.
Via Mobile App
Step 1: Log in to your Share India stock trading app. On the main homepage, you can find the ‘Watchlist’ icon on the bottom menu. Tap on the ‘Watchlist’ icon, and your stock watchlists will appear. You can either place a delivery order for a stock already on one of your watchlists or search for any stock you wish to trade.
Step 2: In the app, analyse your preferred stock and its performance. Once you’re ready to place an order, tap on the ‘Buy’ option to initiate the process.
Step 3: In the app, select ‘Delivery’ and fill in the rest of the order details like price, quantity, type of market order, which exchange to trade in, trigger price, scheduled time for trade, etc.
The margin required for the trade will be displayed on the bottom, and you can go through the trade charges by tapping on ‘Charges.’ Make sure you have sufficient charges for the trade after considering all the charges and margin required.
Step 4: Once everything looks good, swipe the ‘Buy’ button to place or schedule your delivery order. Your trade will be executed according to the details you provided.
Order Execution & Settlement:
Once your order is executed, you’ll receive a confirmation from Share India. According to the trading settlement system, the shares you purchased will be credited to your demat account within T+1 business days.
Monitoring & Track Your Holdings:
Once your shares are credited to your demat account, it’s essential to monitor your investments. With Share India, tracking your holdings is simple and intuitive. Here’s a shortcut you can follow:
Step 1: On the dashboard, locate the ‘Books’ section for detailed information about your account activity.
Step 2: Within the ‘Books’ section, go to the ‘Holdings’ tab. Here, you’ll find a comprehensive overview of all the shares held in your demat account.
To track your orders on the app, follow the instructions below:
Step 1: Tap on the ‘Orders’ section on the bottom menu. Both ‘Open’ and ‘Executed’ will be visible here for you to track.
Step 2: If you wish to modify or cancel any of your delivery orders, select the order and tap on ‘Modify’ or ‘Cancel’ accordingly.