Can you complete a NRML on the same day you initiate it?

F&O
1

For example if I short sell Nifty Fut today through a NRML order then can I buy it back after an hour using NRML order and complete the trade?

2

Yes, you can. NRML/MIS are product types offered by brokers that decide how much leverage you get. To the Exchange they mean nothing. You can buy and sell the position in NRML on the same day.

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3

Check this out:
https://support.zerodha.com/category/trading-and-markets/margin-leverage-and-product-and-order-types/articles/how-to-convert-mis-to-cnc-nrml-and-vice-versa

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