I wanted to know that recently i bought some shares purely for the purpose of trading short term....
Now i m almost making 35% profit in it.....
Now at the same time i have got some shares of reliance power which i got during ipo time and i guess on 22nd feb it will complete a year of it being in my account....
I m making right now 56% loss on it......now suppose i sell both of it...can i square the losses with same right now..or suppose if i sell reliance shares after the date it will become a long term share than i wont b allowed to square off loss or wht???
Now i m almost making 35% profit in it.....
Now at the same time i have got some shares of reliance power which i got during ipo time and i guess on 22nd feb it will complete a year of it being in my account....
I m making right now 56% loss on it......now suppose i sell both of it...can i square the losses with same right now..or suppose if i sell reliance shares after the date it will become a long term share than i wont b allowed to square off loss or wht???