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.
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article
Still need help?
Create Ticket