What are the different Product Codes seen in the Order form?

Understanding the different types of orders is crucial for effective trading. Below are the key order types available:

  • 'CNC, NRML, MIS, CO are the product codes in Cash Segment'
  • Delivery Based:
    Orders that are not squared off on the same day and are held for delivery.

  • Intraday:
    Orders that are squared off on the same day, nullifying the position by the market close.

  • CNC (Cash and Carry):
    These orders are backed by full margin if buying or full holdings if selling.

  • NRML (Normal):
    Primarily used for executing derivative orders.

  • MIS (Margin Intraday Square Off):
    Intraday orders with leverage benefits. These must be squared off by 3:15 PM (or earlier, as determined by Navia based on market conditions) or when the position hits a 50% Mark to Market loss, whichever comes first.

  • CO (Cover Order):
    An intraday product with an additional stop-loss feature. These also need to be squared off by 3:15 PM (or earlier, as determined by Navia based on market conditions) or when the position hits a 50% Mark to Market loss.

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