Can i trade in CnC mode of same quantity of share of same company in a Day without any risk. (risk:= other than decrease in price)

General
1

Can i trade in CnC mode of same quantity of share of same company in a Day without converting it to Mis without any risk? (risk:= other than decrease in price) If yes then how?

2

Yes you can Buy and sell on same day with CNC product type, it will be considered as intraday only