Comment on Orders - Place, Modify, Cancel & View

RD0389 commented on 03 Jan 2014, 11:06 PM

Iam new to trading.
I aware there are 3 types of orders – MIS,CNC and NORMAL.
MIS- buy or sell and square off.
CNC – cash and carry. carry forward for the next day or longer.
NORMAL -??

1) Please can you let me know if my understanding is right.?
2) what is NORMAL order ?
3) In MIS , if u buy you square of to sell it and if you sell you square of to buy it.
If i buy using MIS option and if i do not want to square off on that day, can i carry forward by converting into CNC and sell it next day.?
4)If i sell using MIS option and if i do not want to square off on that day, can i carry forward by converting into CNC and buy it next day.?

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