It depends if you trade in mis than it will be separate from your holding… But if you trade in CNC than it will -
After at the end of day if you squre of your your position your avg buy rate at holding will again came at what it was before…
But it will diff if you sell and then buy
In this 2 things can happen
1 you’re holding stocks for many days or weeks and selling/buying them to square off. Here its just squareoff if done in CNC - CNC . If bought in CNC and you holding it for long then you convert it to MIS , it will be considered as separate trades .
2 you bought stocks in “cnc” (holding) and converted them into “mis” (intraday) to make it INTRADAY TRADING . SAME DAY .
Mis is available for conversion before execution not after , when , order is completed .
Cnc is available for conversion even after, when , stocks are in holdings , for whole day ( 9:15 - 3:20 )
Yo can’t change cnc after keeping it for months or years .
You already have 100 shares of xyz stock in your demat.
Now on day t you sell 100 shares CNC at 9.30…
Then you buy 50 shares CNC at 2.05
Then you sell 50 shares at 2.15.
Then you buy 100 CNC at 3.00
As net CNC trades of the day is 150 buy and 150 sell.
At the end of the day all CNC trades will be considered as MIS and your original Demat won’t be touched.
But had you tried to sell 150 shares CNC on your first trade above , it would have resulted in error.
What you are saying here , is not as per the knowledge and experience of other traders.
Do you use some other broker?
Both mis and CNC are available for conversion for whole day T.
Stocks are never in holdings on day T dear
What will happen after t+2 days and trade with same stock in MIS???..I think my holding position will not change its value…
In intraday it is essential that net quantity is 0. That is your total buy and sell for all trades of the day are same. So at EOD you have no shares left to take from someone or give to someone.
Hence no change in holdings
first i made profit of 1200 in fno by buying selling 10150 ce then i buy edelwise book profit of 243 by buying and selling then i buy torrent in cnc order and about to book profit 120 rs but i sell it in by mistake in mis order and turn off my laptop then i saw i made profit of 108 in short sell too but very next day (today) it shows 0 and no holding .they treat mis and cnc order in different manner i know
So that what I said till 9:15 - 3:20 . For same day . That’s t day . Conversion availability.
But in mis after order is completed on 28th it was not converting . Even it was a hang like issue in kite3 for few seconds .
It’s ok its not going to be 0 . See it on 4th . After settlement . You will get your balance back in ur profile .
But ideally you can convert mis to CNC and CNC to mis for whole day if net sell shares is less than or equal to holdings.
If you have 1000 shares in demat.
Now if you sell 1000 MIS and then convert to CNC, its okey.
But if you sell 10000 mis and try to convert to CNC it won’t and will show error as you do not have 10k in demat
finally got my contract note i will be able to see torrent for sure next trading session thanks guys for chatting on this topic
IT will take T+2 days whichever broker u use its rule from SEBI