Comment on Orders - Place, Modify, Cancel & View

Nithin Kamath commented on 11 Apr 2013, 09:43 AM

When you are trading in equity delivery choose

1. MIS for intraday and CNC for delivery. In your case CNC should be chosen since you want to buy for 2 to 3 days. If you don’t see the CNC option there, it means that either your demat account is still not open or it is not linked. Because without a demat account you cannot buy shares and hold it overnight.

2. Always preferable to keep it as day orders, because once you place the order it will be valid till end of day. IOC stands for immediate or cancel, what it means is that if you place an order and if no available quantity/price in the market, it will get cancelled immediately.

Cheers

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