Not allowed MIS trade, sell using exit option on same day, is there an issue?

General
1

stock where intraday (MIS) trade is not allowed, can i buy using CNC and sell using CNC on same day using exit option? Actually I am allowed to do so, but will it cause any problem to me during settlement?

2

Yes, stocks for which MIS is not allowed, you can use CNC to buy first and sell next. Full cash will be required for this trade. But you can buy and sell on the same day using CNC and this will be considered an intraday trade.

3

Thanks, and does the charges incurred will be of delivery or intraday?

4

Intraday.

5

One more question, is it required to see the stock before 3.20 for it to be considered as Intraday?

6

Intraday orders MIS, CO, BO all get Auto Square off by the Zerodha at 3:20 PM and You will be charged Call & Trade Rs.20/- + Taxes per Order. (I have been charged per Order)

If You will use CNC it will not get auto square off by the system at 3:20 PM You have to closed the order till 3:30 PM if You don’t want to carry for next day.