uTrade AlgosDelivery trading allows you to buy shares and hold them in your demat account for a longer duration—whether that’s a few days, weeks, or even months. In this type of trading, there is no set time limit for selling your shares, and the shares are transferred directly to your linked demat account.
Key Requirement: To participate in delivery trading, you must have a demat account to store your securities. With Share India, you can open a demat account from any device within minutes. Here’s how to set up your demat account with Share India
Once your Share India Demat and trading account are ready, ensure you have sufficient funds in your trading account to place a delivery order. Here’s how you can add funds to your trading account
Now, simply follow the following steps to place your delivery order:
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.