Yes, it will be treated as Intraday only. But while converting from MIS to CNC , margin requirements increases than it has in MIS. secondly, MIS positions will get squared off daily by 3.20pm, CNC positions will not and will block ur margin.
Yes, it will be treated as Intraday only. But while converting from MIS to CNC , margin requirements increases than it has in MIS. secondly, MIS positions will get squared off daily by 3.20pm, CNC positions will not and will block ur margin.