Hi alchemist n others,

I wanted to ask whether it is possible to buy a particular share and then sell it the very next day? , acc to my information i have to take the delivery for such shares ... so is it possible to sell them without taking the delivery?

Thanks in Advance.

Yes. Many brokers offer the Buy Today Sell Tomorrow option (BTST). But there are chances that u might not actually get delivery if the person who sold to you defaults. In that case you will also default. This has been explained in the threads about BTST.
BTST - Day Trading, Speculative or Delivery?
Selling a Stock Before Demat Credit?
Is This Intraday Trading?

Thanks for replying ..

and what's the case in case of Friday..... say i bought it on Friday ... will i get the delivery by Tuesday, as it will be the T+2 working day... ???. .

The exchange will give shares to your broker on Tuesday.

Your broker may give you shares on Tuesday, Wednesday or maybe even Thursday - it depends on how fast your broker is.

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Hi,

I ordered a BTST sell today on icici direct. But i couldn't see the order anywhere. Also the no: shares in the security projection hasn't changed. What could have happened ? Where can we usually see the list of BTST orders in icicidirect ?

Also, 9190.90 was supposed to be debited to NSE. They debited 9190.33 and rest 0.57 is still showing up on the cash projection. I had enough funds allocated. Does this usually happen ?

I do buy today and sell tomorrow through HDFC.

I call up and ask are there any shares and they inform me that there r 'x' shares in my day trading and I ask them to see those.

when we trade through net and banks are there any chances of defaults?

"Default" by whom?

When we trade through exchanges, it is the responsibility of the exchanges to make sure the trade in honoured.

If the seller can't provide the shares, the shares are either bought in auction or the trade is cash-settled....the buyer never loses his money because of a "default".

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In this case if we sell on Tuesday [T+2 day],(whether shares delivered by broker or not) there would not be any possibility of auction.

Am I right?

If there is a short-delivery, then there will be an auction.

You won't know of the short-delivery till T+3 and so there is always a risk if you sell on T+2.

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Alchemist,
(assuming all working days),

so if I buy on Monday >>> T
Tue = T + 1
Wed = T + 2
Thu = T + 3
Fri = T + 4

Am I right in supposing that on Wednesday night, or by start of business Thursday, the shares I bought should be in my demat account under normal circumstances.

If they are not present by Thursday morning, is the only reason failure to deliver and will auction be the only outcome?

Can the broker mumble some excuse of late transfer, etc. without revealing that he is concealing an auction from me?

Can these delivery aspects be verified from BSE / NSE sites under trade confirmation?

In other words, how can I keep tabs on my broker.?

In order to avoid the risk of auction one should sell the shares when shares reflect in demat account..?

right?

Is there any other method that we can track whether shares are delivered on T+2 or T+3... days?

As I said earlier, it all depends on how fast your broker is.

Most online brokers transfer shares to clients on the same day.

You are right, but then auctions are rare and I don't worry about them.

I have been trading with Indiabulls for a long time. I often buy and sell shares in small quantities on consecutive days.

Till now, I have never got a short-delivery.

If you get a short-delivery, the cash settlement price will be above your purchase price.

In case, you also are forced to give a short-delivery, you net loss won't be much as the cash-settlement prices will be almost balance each other.

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okie if we sell on T+1 or T+2 day, then Demat charges are applicable also or waiver in this situation as it is not delivered in demat account?