BUY shares TODAY and SELL them tomorrow under the BTST segment. from ICICI direct
They have a little post on their website, As you know buy today sell tomorrow (BTST) is a facility that allows you to sell shares even one day after the buy order date, without you having to wait for the receipt of shares into your demat account.
BTST relevant is relevant for you:
1. If you have you ever missed making a huge profit because you had bought the shares just one day back and you could not sell them as they were not credited to your demat account?
2. If you have ever found that squaring off your cash based transactions within a day is not profitable as one days time does not allow to realize maximum profit?
3. If you have ever thought of an intermediate option between cash and Margin trades where in you could make profits on volatile shares within one or 2 days of your buying them without a compulsory square off?
Also, If you are a Margin Trader and in case for some scrips you find intra-day speculative trading too unprofitable, BTST gives 2 more trading days, thereby increasing the probability of better returns.
So, you can benefit from the virtually elongated settlement cycle that BTST brings to you.
Thanks
Happy Trading to all !
