I trade in equity cash market. My company provides 4 times exposure on both intraday and delivery calls.
On Monday If I have Rs 40000 margin balance in my demat account for trading, and purchase a stock for value of Rs 40000 in delivery mode. As per BTST the very next day on Tuesday I squared off the total stocks which I had purchased yesterday. Then how much total balance should I now have on Tuesday for trading.
As per my logic I should have Rs 30000 on my demat account left for trading on Tuesday, as my company provides 4 times exposure on delivery. In that logic I should have utilized only 10000 of my main balance for trading.
I have confusion that whether the total amount of Rs 40000 will remain blocked for T+2 days or will only Rs 10000 will remain blocked for T+2 days.
If the total remains blocked then I will not be able to trade from Tuesday onwards until T+2 days till the total amount gets cleared.
If my confusion is correct, then purchasing stocks for value of Rs 40,000 or Rs 2, 00,000 will not make any difference so far trading is concerned. In both the case I will not able to trade on Tuesday and will have to wait for T+2 days until the total amount gets credited.
I am facing a great confusion in this regard.
Please clear which of these two rules is applicable in trading for BTST calls in Equity cash market? Also please give an explanation in this regard
On Monday If I have Rs 40000 margin balance in my demat account for trading, and purchase a stock for value of Rs 40000 in delivery mode. As per BTST the very next day on Tuesday I squared off the total stocks which I had purchased yesterday. Then how much total balance should I now have on Tuesday for trading.
As per my logic I should have Rs 30000 on my demat account left for trading on Tuesday, as my company provides 4 times exposure on delivery. In that logic I should have utilized only 10000 of my main balance for trading.
I have confusion that whether the total amount of Rs 40000 will remain blocked for T+2 days or will only Rs 10000 will remain blocked for T+2 days.
If the total remains blocked then I will not be able to trade from Tuesday onwards until T+2 days till the total amount gets cleared.
If my confusion is correct, then purchasing stocks for value of Rs 40,000 or Rs 2, 00,000 will not make any difference so far trading is concerned. In both the case I will not able to trade on Tuesday and will have to wait for T+2 days until the total amount gets credited.
I am facing a great confusion in this regard.
Please clear which of these two rules is applicable in trading for BTST calls in Equity cash market? Also please give an explanation in this regard