Suppose I have 100 shares of a company xxx (as CNC)which I bought on Monday.
1.Then on Tuesday I sold the 100 shares of company xxx (as CNC)
so if again buy 100 shares(as CNC) of company xxx will it be considered sell/buy intraday?
2.another question is if on Tuesday I sold the 100 shares of company xxx (as MIS)
and if again buy 100 shares(CNC) of company xxx will it be considered sell/buy intraday?
3.another question is if on Tuesday I sold the 100 shares of company xxx (as MIS)
can I convert this short to CNC ,as I am already having 100 shares of company xxx bought a day before.
- Yes will be considered intraday.
- No, 100 MIS will get squared off at 3.20pm and the remaining 100 shares will get added to your earlier 100.
- Yes, you can.
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