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Is there any charges for converting MIS to CNC in Zerodha?
There are no extra charges to convert your position to another trade type. Whatever your final trade type remains(MIS or CNC) at the end of the day will decide your charges according to your plan with Zerodha.
Which is better CNC or MIS in Zerodha?
Cash and Carry (CNC) is used for delivery based trading in equity. In delivery based trade, you intend to hold the stocks overnight for however long you wish. Margin Intraday Square Off (MIS) is used for trading Intraday Equity, Intraday F&O, and Intraday Commodity.
What happens if I convert sell MIS to CNC?
If you go wrong in a trade you can convert the trade of MIS to CNC and save yourself from losses. Whatever will be your losses you can carry forward them if you convert your position to CNC. If you had bought shares in CNC & stock had given your good return within the same day.
Can we sell CNC on same day?
CNC code does not restrict you from selling the stock the same day if desired. But the sell quantity cannot be more than the buy quantity. There is no penalty if you sell the shares on the same day.
What is convert position in Zerodha?
What is Convert position in Zerodha? The Convert Position option in Zerodha is mainly to convert your trade from MIS (Margin Intraday Square Off)to CNC (Cash and Carry) and from CNC to MIS. You can find this option in your Position tab of Kite platform or mobile app.
Can I convert my CNC position to mis position?
You can convert your CNC (CASH AND CARRY) position to MIS (MARGIN INTRADAY SQUARE OFF). However if you want to convert MIS into CNC you should have sufficient fund in your account.
How do I convert MIS to CNC/nrml/CNC and vice versa?
To convert MIS to CNC/NRML and vice versa, open the ‘Positions’ tab in Kite. Click on the ‘Options’ button and click on convert. Note: You will not be allowed to convert BO/CO to NRML/CNC or MIS and vice versa. Also, you can only convert sell MIS to CNC if you have holdings in your account.
How to use leverage in Zerodha mis?
Assume that you opened an MIS position by buying 100 shares of “XYZ” at Rs 100 each. Suppose Zerodha provides a leverage of 10x for this particular scrip, which means you will be able to buy 100 shares for the price of just 10. Say that after you open your position the stock price goes down to Rs 95.