Comment on BTST/ATST( Buy/Acquire Today Sell tomorrow)

Nithin Kamath commented on 30 Apr 2013, 06:38 AM


Firstly as far as futures is concerned, STT and all other charges don’t change if it is an intraday or overnight trade, unlike while trading equity where STT shoots up almost 10 times.

Secondly, use MIS order only if you want the extra leverage, otherwise always use NRML orders, you will have the flexibility on when you want to square off without worrying about converting positions and etc. For eg, if you are trading reliance futures, lotsize 250 and assuming price at 800, you will need around 32000 to trade using NRML and 40% of 32k which is around 13k if you use MIS. The catch being all MIS orders get squared off at 3.20pm everyday.

How you want to play it is your call, if you want the extra leverage use MIS, but make sure you convert positions to NRML by having sufficient margin before 3.20pm.


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