Comment on Orders - Place, Modify, Cancel & View

Hanan commented on 22 Oct 2013, 04:26 AM

There are different Product Types or Product Codes and you have to select the accurate one to execute your order on the exchange. The Prod Type or P-Code appears on the second line of your order window (buy/sell – F1 & F2).

For Equity (NSE/BSE/MCX-SX):
MIS: Margin Intraday Squareoff (Use this option to trade Equity on an intraday basis)
CNC: Cash and Carry (Use this option to trade Equity on a delivery basis)
For Futures & Options (FNO):
MIS: Margin Intraday Squareoff (Use this option to trade Futures & Options on an intraday basis)
NRML: Normal (Use this option to trade Futures & Options on a positional/delivery/overnight basis)
For Currencies (CDS):
NRML: Normal (Use this option to trade Currencies on an intraday or positional/delivery/overnight basis)
For Commodities (MCX):
MIS: Margin Intraday Squareoff (Use this option to trade Commodities on an intraday basis)
NRML: Normal (Use this option to trade Commodities on a positional/delivery/overnight basis)

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