Once I Sell , The trade is appearing as OPEN POISITION. Now I am getting options to either EXIT or CONVERT.
What does this mean ? What is Position ? How can EXIT or CONVERT be useful ?
Regards
Sathish
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If you buy anything till the time you sell it, it shows as Open position.
If you have bought Equities then it will come to your demat account on T+2.
Exit means you want to sell what you bought
Convert means you can change the position from Intraday to Delivery and Vice versa
I suggest you go through the basics of trading on Zerodha Varsity before you trade more.
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Thank you for the information.
Regards
Sathish
Why don’t you choose my answer as the best answer and help me make some points 
Sir , In my Zerodha account i have 50 shares of HDFC Life but in holdings tab, P&L and Avg Cost is showing as NA( Not applicable)… WHy so? please answer my issue at the earliest…