Suppose I have 1000 shares of stock XYZ bought at Rs 100 each in my demat account. In couple of days the price climbs to Rs 105, and I sell 200 shares of XYZ from my demat holding at 09:45AM in the morning at price of Rs 105, but the same day later at 10:00AM I again buy 200 shares of XYZ at Rs 105 as CNC order with intention to take delivery, will this be counted as intraday short trade ? What will be the effect on my holding status ?
Or if I buy 200 shares of XYZ the next day will it be considered a STBT (sell today and buy tomorrow) transaction ?
Nope.If you sold and bought today itself it will be considered as intraday only.In this case Next day you will have 1000 quantity in your holdings at 100.If any MTM arises because of intraday trade(105 sold and 105 bought so no profit no loss but brokerage willl be charged which will be debited from your account ) it will be posted in ledger.
Gentlemen, thank for your replies, but all of those are contradicting; Could someone from Zerodha please help with this ? P.S: I am a member of Zerodha, and trade passsively.
(1)you sold first and bought later same day OR you buy first and sell later same day will be an intraday transaction since no delivery involved . brokerage and expenses will be charged accordingly. NOT POSSIBLE in T and Z group shares unless you already hold, and ready to release delivery /funds as the case may be.
(2) yes it will be STBT transaction and delivery from your demat will be removed against your sale position and later credited on pay out day for your purchase position. BTST allowed in T and Z group shares too but involve a very heavy risk and many broker do not allow .
YES you can do STBT in any share provided you have delivery in demat .
you can also do BTST in any group share but with a rare risk of : what if the selling broker do not deliver your bought shares as per schedule ,your sold shares will go for auction/square off.
You may not have delivery ready in demat in BTST ( you must have in STBT ) but it carry a RARE risk of short delivery by seller which is normal in all btst trade. I did btst even in T group share but never faced this risk but surely risk is a risk.