How to convert intraday position in delivery position in F&O ?
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There is no concept of ‘delivery’ in F&O.
If your idea is to buy and hold a derivative contract you can do so without worrying about whether its a delivery or a intraday position. However if you intend to carry forward the position for few days just make sure there are sufficient funds in your trading account to cover for m2m and margin requirements.
Also remember the life span of a derivative contract is upto its expiry date.
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http://zerodha.com/z-connect/tradezerodha/zerodha-trader-software-version/zt-position-conversion
Excerpt from above link:
To keep a position overnight, you will have to convert the MIS position to CNC (for Equity) and NRML (Derivatives-Equity and Commodity). For this conversion, you will need 100% of the margins, so first ensure that there is enough funds. If you don’t have sufficient funds to convert all your positions, square off a little and then try. Also see that you have cancelled any pending orders, because even the pending orders will be blocking margins. To convert from MIS to NRML you have 2 options as shown below:
Option1: Using Trade Book (F8)
Option 2: Using Admin Positions(F11)
Sorry! I must have misread your question - are you talking about a position conversion from cash and carry to Derivative? Thats not possible I guess.
@ShubhS9 I am getting this error “CNC to MIS position conversion is blocked for XXXXXX script”
My Question here is how can i know before hand if this script is allowed intraday or not?