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Yes, it is possible to buy & sell in different exchange provided the stocks are listed in both the exchange . However in Intraday it is not possible since the transaction gets completed only by the end of the day .
Stock market is a business . Any one who does this business(Trading) post analysing the risk appetite the transaction is termed as business , else it is mere gambling,
Doing a trade post analysing the risk appetite and reward is termed to be a trade plan . It is essential otherwise it is can be framed as gambling.
Whenever the traders expectations are met a trade deal can be initiated and proceeded towards settlemet . However the maximum time limit for a trade is restricted to the trading instrument opted. Settlement time has a TAT of 2.
Any transaction in a stock exchange can be made only through a broker hence all the risks are bone by the broker in case his client is at fault. This is usually compensated via caution deposits made by the broker incase the levied penalties are not paid in time.
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