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| Discuss Help For An Nri at the Introductions within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi all I am an NRI interested in trading. New to this site. I wanted ... |
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#1
29th August 2006, 12:30 AM
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Help For An Nri
Hi all I am an NRI interested in trading. New to this site.
I wanted to do trading online, but i understood that it is not possible for NRIs to do Intra-day trading. In that case i have only one option which i do not know whether is it feasible and profitable. Any of the senior members please help. My query is 1. Since i cannot do Intr-day trading, can i buy the shares through ICICI direct today and sell it the next day (provided the share price is up) ? for example yesterday, INFOSYS share price was RS 1766.70 Today it is RS 1772.75 So there is an increase in RS 6.05 per share. If I have 1000 shares with me, it will add up to RS 6000. Yes i know that there will be commission involved. Is it possible to do so? Thanks And regards Bidder 
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#2
29th August 2006, 01:12 AM
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Re: Help For An Nri
Hello NRI bidder,
Welcome to Traderji! There is an option called BTST in icicidirect.com for selected shares. BTST = Buy Today Sell Tomorrow Here is the link:- http://content.icicidirect.com/btst.html http://content.icicidirect.com/product.asp Hope this helps All the best! Siva
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#3
29th August 2006, 01:33 AM
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Re: Help For An Nri
HI SIVA
Thank you very much for the prompt reply. CAn i buy and sell shares of all firms without using BTST scheme? OR is it allowed only for some selected shares? I understand that there will be a delay in crediting the shares to the demat account. So in that case if i buy today and if the demat account is credited in 2 days, can i sell it the third day? MAybe this query looks very simple for u seniors, but please help me. thankand regards bidder
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#4
29th August 2006, 02:17 AM
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Re: Help For An Nri
Dear bidder,
I made a mistake here, i am sorry about that. BTST is not for NRIs  Quote:
Regards Siva
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