BTST or INTRADAY?

General
1

LINE1: Yesterday I bought Unitech 800 shares @ 16.00 Rs. as CNC

LINE2: Today They were showing in my T1 Holdings. So I Sold them all 800 @ 17.00 Rs. as CNC

LINE3: After sometime today I again bought Unitech 800 shares @ 16.00 Rs.as CNC

Will Line1 and Line2 be considered as BTST trade and I will get LINE3 (today's) shares as T1 Holdings tommorow? 

or

Will Line2 and Line3 be considered as INTRADAY and I will get Shares from Line1 as t2 holdings tommorow ? Please answer only if very sure. :) Thanks

2

Yes. Line2 and Line3 will be considered as intraday trade and what you bought with above Line1 shares comes to your demat a/c on T+2 Day i.e.,Tomorrow.

3

Thankyou very much…

4

Will my buy average be affected if I sell shares from my holdings and buy it back the same day? (zerodha.com)

in this article it is mentioned as : “As per IT Rules, any transaction which doesn’t result in delivery in/out of demat is considered as intraday”

so the questions is : as per the above statement ; BTST is considered as intraday ?

@ShubhS9

1 Like
5

BTST is considered as delivery trade, not intraday.