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The National Stock Exchange of India website reports Short Selling volume for NSE-listed companies. The data spans from 2008 to present. The current item downloads this short selling data and stores it into a custom database. The database (nse_shortselling) is automatically created the first time you download the data. It contains only two fields; the first one gets the date on which the short selling transactions occurred, and the second one gets the short sales volume or the number of shares that were sold short. A high short sale number is usually considered bearish.
For example, on 5 March 2010, 420 shares of 3i Infotech, whose ticker symbol is "3iinfotech", were short sold.
In order to download the NSE short selling data, you just have to select the start and end date and then click on the "Start" button.
To display the short selling volume time-series, you can use the "GetData" formula:
ss = GetData("nse_shortselling","quantity",Zero);
plot(ss, "Short Sales", colorRed,ChartLine,StyleOwnScale);
In the screener, you can use the following formula to display stocks whose short selling volume is higher than a specific threshold (1000 in this example):
GetData("nse_shortselling","quantity",Zero) > 1000
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
