Is it possible to convert the position from MIS to CNC say at 3:15 before the End of MIS market ?
1. If yes, does it mean that I would need to have the required balance for CNC while the position is converted. 2. If yes, and the charges of the CNC would be applied and not the MIS. 3. If yes, the Margin used to would be reset and required CNC cash is debited, affecting the total balance right ?
Yes, you can convert an MIS position to CNC. Of course, you need a 100% margin in your account while doing the position conversion. You will be charged for delivery trades and not intraday. Yes, your margin blocked will be the same as the CNC margin required to buy the instrument. No extra margins are blocked.
You will be charged for delivery trades and not intraday.
Yes, your margin blocked will be the same as the CNC margin required to buy the instrument. No extra margins are blocked.