What are the various order types?
MIS stands for Margin Intraday Squareoff.
NRML stands for Normal Product.
CNC stands for Cash and Carry.
If an order is placed under MIS, it will get squared off automatically 3:15. MIS is only applicable towards Cash and Futures products. MIS gives intraday margin benefits.
If an order is placed under NRML, we will require full margin. This is only applicable for Futures and Options. Positions are not squared off automatically.
If an order is placed under Cash and Carry, we will require full margin. This is only applicable for Cash (Equity) products. Positions are held overnight.
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