How to do BTST trades at Zerodha?
Buy the stock using CNC product type today and sell the same stock tomorrow using CNC to do a BTST(Buy Today Sell Tomorrow) trade at Zerodha. To learn more about CNC, see What does CNC, MIS and NRML mean?
After the stocks are bought, the stock is supposed to be delivered into the demat account on the next day because of the settlement cycle. However, in a BTST trade, the stocks are sold before they are delivered to the demat account.
Buying shares on Monday and selling the same shares on Tuesday is an example of a BTST trade. Even though the shares are not sold from the demat account, DP charges will still be levied for BTST trades. To learn more, see Why is the DP charge applied for Buy Today Sell Tomorrow (BTST) trades? BTST trades have their pros and cons. To learn more, see What are the risks involved in BTST?
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