Basic question - Help would be appreciated

Need Help ℹ️
1

Hey everyone, I have a simple question. Let’s say I bought some shares of Stock X and took delivery of them.

Now, after holding the stock for 3-4 days, I decided to sell it. When I sold it, it is showing 3% profit in position - not delivery.

Here are my questions:

  1. Can I convert this sell transaction to an intraday trade and buy the same stock again on the same day?
  2. If I go ahead with the above intraday trade, which price should I consider as my average buy price - the original one when I first purchased the stock or the latest one from today’s intraday trade?

I appreciate your help in understanding this better!

2

Hi @sv28. The above case will exist if you sold the shares and then the price came down. For example, let is say you bought 100 shares at 100. You sold at 140 and now the CMP is 120. So in position, you will see a profit of Rs. 20. Now answering your questions:

  1. Yes you can in this case, the 20 Rs. profit will be moved to your ledger.
  2. You will be considering the average price of Rs. 100 because the above trade was already booked as speculation.
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3

Got it. Thank you for the info!