Comment on Orders - Place, Modify, Cancel & View

Zerodha commented on 13 Aug 2013, 12:00 PM

Hi Ankash,

You can sell in CNC provided you have the stock in T1 holding/demat holding..

If you buy in MIS and sell in CNC you would be creating 2 positions.. To offset the position you’d have to do a position conversion from MIS to CNC or vice versa..

The rule is fairly simple: If you buy in CNC, sell in CNC and if you buy in MIS, sell in MIS… If you buy in MIS and sell in CNC, you have to either convert the MIS long to CNC or convert the CNC sell to MIS failing which your MIS long would be sold by eod .. Hope this helps 🙂

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