I want to convert my CNC postion in equity bought yesterday to MIS in todays trading session. How can i convert this. what will be brokarage, CNC does not have brokerage but MIS has.
@Jigpylab, Firstly, brokerage will be charged for intraday trades done using any product type(CNC or MIS). You can sell your CNC holdings on T1 and convert it into MIS(if the stock is allowed to trade using MIS). This MIS position will be squared-off during auto-square-off after 3.20 PM.
Thanks @themohammedfaisal . Can i also convert my t1 CNC position to BO so that i can place target and stoploss. One more question, does my margin will get released for the position of t1 CNC once it converted to MIS or BO. appreciate your response
Firstly, brokerage will be charged for intraday trades done using any product type(CNC or MIS).
You can sell your CNC holdings on T1 and convert it into MIS(if the stock is allowed to trade using MIS). This MIS position will be squared-off during auto-square-off after 3.20 PM.
One can't convert a CNC position to BO, one can only convert CNC to MIS and vice versa.