Buying and Selling on the same Day with CNC mode

General
2

Hello @milindpatel01

  1. Yes, MIS stands for Margin Intraday Square-off indicating that a margin is provided only for Intraday trading and the position has to be squared off before 3.20pm(Intraday Cut-off time). All open positions left open at 3.20pm will be squared off by our Admin terminal.

  2. If you buy in CNC in the morning and then sell this CNC position before 3.30pm, it will still be considered as an intraday trade as the position is closed within the same day.
    Do note,
    You will not receive margins on a CNC trade and you can first buy and then sell only in CNC for intraday purposes(you cannot sell first because this option is enabled only when the holding is already present in your account).

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