Comment on Consequences of Short delivery - NSE/BSE
Hushaam,
Futures and stocks work completely differently. When you trade on futures, there is no concept as delivery, the contract stays in your trading account until the expiry of the contract. If you are bullish you can buy and if bearish you can sell, there is nothing like auction penalty and all for futures. MIS product type is if you need additional leverage for intraday trade, otherwise always trade using NRML. Read this blog for queries on order types. Do read this blog, and if you have any further queries, do post again…