Comment on BTST/ATST( Buy/Acquire Today Sell tomorrow)
commented on
05 Mar 2014, 07:37 AM
hello Nitin sir,
Thanks for the write up. excellent for new comers.
Query :- I do a lot of BTST through my current broker . I was planning to open an account with zeroadha. By reading the article, I came to the conclusion that due to the MIS and CNC featre that the software has,it won’t be possible for me to do BTST in stocks in cash segment. We do a lot of dividend stripping which can’t be done in futures.
An example to illustrate my point
Through my current broker
1. at 3:28 PM on 4th march 2014 i buy 1000 shares of relcap 1000 shares of relcap 500 shares of reliance
2. at opening of 5th march i sell these three around 9:20 AM
3. The T+ 2 facility and pool DP id on both sides takes care of the delivery and till now I have not faced any issues
Through ZERODHA
1. at 3:28 PM on 4th march 2014 i buy 1000 shares of relcap 1000 shares of relcap 500 shares of reliance
2. at opening of 5th march i sell these three around 9:20 AM
3. at 3:20 since i do not have shares in my demat account yet the stocks are squared up
Is that correct.
This would be the final query before i open an account with u !!!