BTST – Buy Today Sell Tomorrow
“Buy Today Sell Tomorrow” is the facility offered by most of the brokers in India. With this option a trader may buy a share and keep it for upto 2 days (or more days depending upon your broker) including the day of purchase, before taking the delivery.
With this facility a trader could hold the share in his account for more than a day, without taking a delivery. A share purchased through a BTST option could be converted into “intraday” or “delivery” option.
The option is best suited in situations where a trader believes that the share that he has purchased will rise more the next day. The brokerage charges in BTST option are the same as in cash trades.