doubt regarding intraday

#1
is there any procedure or rules to do intraday transactions.

Also what happens if i dont sell them on the same day i bought.

Please tell me in detail about difference beween intraday and general purchasing
 

bunny

Well-Known Member
#2
If you do not sell them on the same day, then you will have to take "delivery" of those shares. The shares will be delivered in your demat account 2 days after you have purchased. So if you do not sell it in the same day, you cannot sell it until 2 more days.

Example:
If bought on monday, you can sell the same quantity on Monday(intraday). But if you choose not to sell on Monday(i.e. take the delivery), then you cannot sell on Tuesday or Wednesday. The shares will be delivered to your demat after Wednesday closing. Thursday onwards you can sell.

There are no differences in between buying for intraday or general buying, though your broker may require you to indicate whether you want to do intraday or delivery while placing the order.
 

AVP

New Member
#3
If you do not sell them on the same day, then you will have to take "delivery" of those shares. The shares will be delivered in your demat account 2 days after you have purchased. So if you do not sell it in the same day, you cannot sell it until 2 more days.

Example:
If bought on monday, you can sell the same quantity on Monday(intraday). But if you choose not to sell on Monday(i.e. take the delivery), then you cannot sell on Tuesday or Wednesday. The shares will be delivered to your demat after Wednesday closing. Thursday onwards you can sell.

There are no differences in between buying for intraday or general buying, though your broker may require you to indicate whether you want to do intraday or delivery while placing the order.
Ever heard of BTST?

Please research before answering queries that might cause losses to uninformed.

BTST :

http://content.icicidirect.com/btst.html

Kindly research before posting your views.
 

bunny

Well-Known Member
#5
Oh! So you have heard of BTST? Perhaps you have only "heard about" BTST. If you want to enlighten yourself, then please read ICICI Direct BTST FAQs page.

I will quote the specifics here:

Can BTST facility be used even when the current settlement is going on ?

BTST facility can be used only in case the settlement in which the shares have been purchased is over.
And if you would like some more enlightment:
BTST is merely a marketing gimmick by the broker which enables them charge you delivery brokerage(instead of intraday), and traps uninformed traders into "short selling". Such BTST can be done in any demat account, regardless of whether your broker lecherously advertises BTST. If the shares are delivered short, the trader has to pay it good.

I hope that with this new knowledge, I have prevented "losses to uninformed" traders like you.

Thank you,
-Bunny.
 

MurAtt

Well-Known Member
#6
BTST goes like this ...

U hv bot shares of RIL today and you sell 2morrow.
The logic behind it is :

You will get delivery on T+2 days and you have to deliver on the next day coz you have sold the next day.

If bychance u get short delivery and the price of the scrip fluctuates in 1 day then you can be in a good amount of loss depending on scrip value.
 

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