Comment on BTST/ATST( Buy/Acquire Today Sell tomorrow)
commented on
25 Nov 2013, 01:23 PM
babloo,
Yes you can sell on T+2, it is technically still BTST since you would not have gotten delivery of the stock. In terms of risk of short delivery it drops to almost 0 because even if the guy you bought from on T day defaults to deliver the stock, you will get it in auction and have it in your demat on T+3 ready to deliver for the shares you sold on T+2. Hopefully didn’t confuse you on this, smart question though. 🙂
IF you sell it on T+1 there won’t be any DP charges, but if you sell on T+2 DP charges will apply.