What are the different Product Codes seen in the Order form?
'CNC, NRML, MIS, CO are the product codes in Cash Segment'
Delivery Based
These are orders which are not squared off on the same day
Intraday
Intraday orders are those which are squared off on the same day and nullified
CNC
CNC or Cash and Carry are the orders backed with full margin if bought or with full holdings if sold
NRML
They are generally used while executing Derivative order
MIS - Margin Intraday Square off
These are intraday orders with leverage benefits. They are to be covered before 3.15pm (or earlier as Tradeplus decides depending on Market scenario) or when the position hits 50% of Mark to Market loss whichever is earlier.
Click here to know how much leverage can be taken under MIS
CO - Cover Order
This is also an Intraday product, but carries an additional feature of placing stop loss along with the order price. They are to also to covered before 3.15pm (or earlier as Tradeplus decides depending on Market scenario) or when the position hits 50% of Mark to Market loss whichever is earlier.
Click here to know how much leverage can be taken under Cover Order
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