When placing an order, you need to select a product code. These product codes identify the category of the order. For example, you can place the below mentioned order types,
- CNC – For trading Equity in delivery
- MIS – For trading Equity & F&O in intraday
- NRML – For trading F&O, Currency and Commodities for overnight position. Since these positions are not intraday positions, the margin requirements for these will be as per the overnight margins. Also, they will not be squared off by our system at the end of the trading session.
In case of equity delivery trades, NRML can be used in EquiMax product to get upto 4 times exposure in equity delivery. EquiMax (product code NRML for cash segment) is available only with NEST and now available with NOW. To learn more about EquiMax please visit our article on EquiMax.
To learn how to place the orders you may refer to our video tutorials.