Can NRI do day trading?

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Day trading is the same as intraday trading and an NRI is not permitted to do day trading.

An NRI can invest and trade only on a delivery basis i.e. an NRI is required to take the delivery of stock on T+2, T being the trading day. Only once the stock is credited to the Demat account, an NRI can place the sell order. An NRI cannot do short selling.


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