Comment on ZT-Position Conversion

Nithin Kamath commented on 11 Mar 2014, 09:15 AM

Rajesh,

When trading F&O, Currency, or Commodity, if you want to buy/sell contracts with an intention to hold it overnight or trade intraday, you can use the product NRML in the order window. If you use the product MIS, you will be able to take the same position with lesser margin requirements, but the thing with MIS is that all such positions has to be squared off before close of the markets. So MIS is a purely intraday prodcut, whereas NRML can be used for both intraday and Overnight.

Cheers,

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