Thanks much for the appreciation Savantji.
The idea is not the trade intraday. When we buy stocks if we have to place stop loss for the day (when buying above support levels specially) and if it gets triggered then we will not only be losing on the stock buy also the penalty and extra brokerage if the shares are credited to out demat later.
My intention is to find stocks for which we cant place a stop loss for T+2 days!
This is what I learn from my broker:
NSE INTRADAY - The scrip’s under this group will be allowed to buy in intraday and sell in intraday. 5 times exposure will be given for trading in these scrip's. Clients can also do delivery buying / selling in these scrip's.
NSE Trade to Trade (T2T) - The scrip’s available in NSE T2T basket will be traded compulsorily in delivery basis. Selling will take place only when shares are available in DP, and buying will require 100% margin. Same day square off of the scrip is not allowed.
NSE Delivery Buy/Sell - The scrip’s under this group will be allowed to buy in delivery and sell in delivery. Shares bought in delivery can be sold in delivery on the same day in the same exchange. For buying 100% margin will be required, and fresh selling will take place if shares are available in DP.
NSE BNST - The scrip’s under this group will be allowed to sell on next working day in BNST sell option, prior to actual payout of shares from exchange.
(Same for BSE, except my broker, motilal oswal, doesn't provide BTST for BSE)
From the description of the above 4 groups the difference I see is that the shares in the intraday list can be shorted while the ones in the NSE Delivery Buy/Sell can't be shorted. Both can be sold on the same day which means it is safe to place SL on both.
I think the shares in the BNST list are upto the broker to decide on which ones they can provide fairly consistent delivery. Again not very sure.
T2T segment is the odd man out - you cant short. You can only sell once you have delivery, but I don't know if can be sold on the same day if it ends up a loser.
Happy to see your thread nearing the 5000 posts mark!!!
One more thing: Bharatforge completed its cup and handle and broken out, so it is running away. i think the technical target (based on pattern) is 325 if I'm not wrong
The idea is not the trade intraday. When we buy stocks if we have to place stop loss for the day (when buying above support levels specially) and if it gets triggered then we will not only be losing on the stock buy also the penalty and extra brokerage if the shares are credited to out demat later.
My intention is to find stocks for which we cant place a stop loss for T+2 days!
This is what I learn from my broker:
NSE INTRADAY - The scrip’s under this group will be allowed to buy in intraday and sell in intraday. 5 times exposure will be given for trading in these scrip's. Clients can also do delivery buying / selling in these scrip's.
NSE Trade to Trade (T2T) - The scrip’s available in NSE T2T basket will be traded compulsorily in delivery basis. Selling will take place only when shares are available in DP, and buying will require 100% margin. Same day square off of the scrip is not allowed.
NSE Delivery Buy/Sell - The scrip’s under this group will be allowed to buy in delivery and sell in delivery. Shares bought in delivery can be sold in delivery on the same day in the same exchange. For buying 100% margin will be required, and fresh selling will take place if shares are available in DP.
NSE BNST - The scrip’s under this group will be allowed to sell on next working day in BNST sell option, prior to actual payout of shares from exchange.
(Same for BSE, except my broker, motilal oswal, doesn't provide BTST for BSE)
From the description of the above 4 groups the difference I see is that the shares in the intraday list can be shorted while the ones in the NSE Delivery Buy/Sell can't be shorted. Both can be sold on the same day which means it is safe to place SL on both.
I think the shares in the BNST list are upto the broker to decide on which ones they can provide fairly consistent delivery. Again not very sure.
T2T segment is the odd man out - you cant short. You can only sell once you have delivery, but I don't know if can be sold on the same day if it ends up a loser.
Happy to see your thread nearing the 5000 posts mark!!!
One more thing: Bharatforge completed its cup and handle and broken out, so it is running away. i think the technical target (based on pattern) is 325 if I'm not wrong
