Hi,
I had bought 24 shares of infratel on 18th may @ 415and sold the same shares on 19th may @ 430. Then after one day I received sms form my broker saying that there was short delivery of shares. Then agian I received sms form sharekhan that the share I sold on 19th may was pending. Again I received sms saying that auction price of the share is 439. According to my understanding the auction was done to cover my short delivery and I had to bear loss equivalent to difference between sale price and auciton price i.e ( 430-439) and should get delivery of share @ 415. But when I checked my account it shows that I hold share @ 439 and I have a profit of around 15 ( 430-415,for BTST transaction). Is there anything I am missing?
And also between 18th may and 19th may I had bought 4 shares. Among these 4 shares there was short delivery of 3 shares. Was I having a bad week or does this happen frequently. Because if this is how it works I don't think BTST is possible.
I am new to trading and can't make sense of all these. Any help will be greatly appreciated.
Thank yoy!
Bishwa Nath Upreti
I had bought 24 shares of infratel on 18th may @ 415and sold the same shares on 19th may @ 430. Then after one day I received sms form my broker saying that there was short delivery of shares. Then agian I received sms form sharekhan that the share I sold on 19th may was pending. Again I received sms saying that auction price of the share is 439. According to my understanding the auction was done to cover my short delivery and I had to bear loss equivalent to difference between sale price and auciton price i.e ( 430-439) and should get delivery of share @ 415. But when I checked my account it shows that I hold share @ 439 and I have a profit of around 15 ( 430-415,for BTST transaction). Is there anything I am missing?
And also between 18th may and 19th may I had bought 4 shares. Among these 4 shares there was short delivery of 3 shares. Was I having a bad week or does this happen frequently. Because if this is how it works I don't think BTST is possible.
I am new to trading and can't make sense of all these. Any help will be greatly appreciated.
Thank yoy!
Bishwa Nath Upreti