Can I Sell Delivery Shares on Same Day in Zerodha
If you buy shares today on delivery mode and want to sell them on the same day or next day then you can do that without any problem, it doesn’t matter whether you are using Zerodha, Upstox, 5 Paisa, or Angel broking, etc. The purpose of delivery mode (in Zerodha it is CNC) is to keep your shares in your Demat account until you want to sell them.
But if you want to buy and sell shares on the same day then it is better to choose Intraday trading and use MIS ( Marginal Intraday Squareoff), because here you will get some margin amount to buy extra shares without adding extra capital to your trading account.
What are the Charges if I Sell Delivery Shares on Same Day or Next Day in Zerodha
When Should We Sell Delivery Shares on Same Day
First of all, remember one the thing that whenever you buy shares then it will take a minimum of 2 working days to credit your shares in your Demat account. So When you think that you have bought some wrong shares (or) due to any bad news about the company (or) when you want to sell some quantity of shares or on the same day of purchase then you can do that.