Sell Stock Bought on Same day using Cash

5hri

New Member
#1
Hello everyone joined just today and Had a question

I bought Bharati Shipyard today using cash for Rs. 42, and intraday is not allowed.

So can I sell it today or I have to wait for monday before I can place the sell order.

These are the stock eligibility options listed in AxisDirect for it. Does it allow same day trading using cash? As intraday is not allowed on this so I m not sure?

Not Allowed (IS, T2T, ENCASH)
Allowed (CASH)

Not Allowed (Intraday%, Minimum COVER Margin %, E-MARGIN%, Collateral Valuation %, Minimum % Difference For Cover)
 
#2
Bharti Shipyard share is in T2T segment, it cannot be sold today. You have to get the delivery of the stock bought and then you can sell. Purchase and sell cannot be netted out . If you sell, your sell will be auctioned and for buy you have to pay the money in full ,no netting allowed...

Smart_trade
 

5hri

New Member
#3
Thanks for the quick reply. So I bought it using cash today but can only sell it tomorrow (In this case on Monday) right?

I m curious, how did you know? Does the T2T not allowed mean I cannot sell it today?

If T2T is allowed it can be bought and sold today using cash option?
 

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