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,

  1. CNC – For trading Equity in delivery
  2. MIS – For trading Equity & F&O in intraday
  3. 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.

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Comments

  1. Ninad

    What is the charges for Nifty Future Intraday? In brokerage calculator its only given for delivery. And I feel the brokerage is too much for an intraday.

    1. admin Article Author

      Hello Ninad,
      We have 3 pricing plans. For F&O, we’d suggest Rs 15 per order or the unlimited trading per month plan. For Rs 1899 per month you can trade unlimited in cash and F&O.

      If you could let us know your contact details on our website we can arrange a call back for you.

    1. admin Article Author

      Hi Mukesh,
      When placing an order, you need to select a product code. NRML is one of the product codes. These product codes identify the category of the order. The order could be intraday (MIS), equity delivery (CNC – Cash and Carry), NRML (Normal) etc.

      NRML is used for F&O, Currency and Commodities for overnight positions only. 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 (cash segment), normally NRML is not available with most other brokers. However, we’ve introduced a facility where you can get a higher exposure for delivery too. We’ve named this product EquiMax. To learn more about EquiMax please visit our article on EquiMax.

      EquiMax (product code NRML for cash segment) is available only with NEST and now available with NOW.

      In case you still have any query please do let us know.

    1. Trade Smart Online

      Hello Mahesh,
      You can send an email to support@vnsfin.com for amount refund. This will be processed by weekend. Alternatively, you can also link the bank account to get the credits into your trading account.

    1. Trade Smart Online

      Hello Rao,
      The EquiMax funding facility is available for value (0.07 paise) and power (Rs.15 per executed order) plans only. We request you to select brokerage plan based or your turnover and trading pattern. For a better idea of the statutory charges applicable, please refer to our brokerage calculator.

    1. Trade Smart Online

      Hello Vikarm
      It seems that you are referring to an intraday trade. While selling you can place a sell order and need to select the same product type(MIS, CNC or NRML) in which you bought. This will square off your position. If the sell order product type is different then system considers as different order and blocks your extra margin. You can also square off your position from admin position > select the trade that you placed > click on square of button at the bottom right corner of desktop trading software. You may also use our online chat support available on our website for further assistance.

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