Question on Sell High, Buy Low. MIS or CNC? [SOLVED]


If I am choosing MIS for selling 100 Shares at Rs. 10 (I don’t own these shares) and I choose MIS for buying those 100 shares at Rs. 8, will it be treated as CNC trade at the end of the day and I will be getting those shares in my DEMAT account? How does this function?

I am new to trading.


MIS is only an intra day order type .So you wont get delivery of shares unlike in CNC mode.

Thanks. This is what I wanted to know.