What happens when you buy and sell same share on same day in delivery trading mode?
Need guidance on buying and selling of the same share on the same day? Get step by step guidance on whether this is possible and how to do the transaction.
Suppose I have 1 share which is bought on 1st Aug. I want to sell that 1 share on same day (1st Aug). Now I again Buy that 1 share on same day (1st Aug).
Make it very clear (All The Following Trades are under Delivery Mode):-
1st Aug (09:30 am):- Buy 1 share.
1st Aug (10:00 am):- Sell that 1 share.
1st Aug (11:00 am):- Again Buy that 1 share.
1st Aug (03:30 pm):- Again Sell (?)
So here I want to know that is it compulsory at that stage to Again Sell that 1 share before the end of the Trading session (03:30 pm) on 1st Aug.
I can hold that one which is bought at 11:00 am for future sale?
Please tell me in brief what happens here step by step.