Can CNC be sold same day on Zerodha? What are CNC orders on Zerodha? Can I use CNC on Zerodha?
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- Updated On:02-Apr-2024
- Replies:9
Short Answer
Yes, CNC can be sold on the same in Zerodha. You just have to be zerodha client
Detailed Answer
CNC means cash and carry. It is an option used to place delivery based orders. Basically, if you want to buy shares and hold them for more than a couple of days then CNC order has to be placed. Luckily on Zerodha all CNC orders have zero brokerage.
Although CNC allows you to sell on the same day i.e. Intraday. There is one restriction. If you are selling on the same day the sell quantity cannot be more than buy quantity. So, if you use intraday CNC, brokerage will be applicable as on other intraday orders.
Yes, CNC can be sold on the same day in Zerodha. Here is the list of charges that apply depending upon when you sold CNC:
CNC (delivery) same day: Intraday brokerage charges.
CNC (delivery) next day: Intraday brokerage charges.
CNC (delivery) third day: CNC Delivery brokerage charges.
Hope that helps to clarify the query. Zerodha overall is a really friendly broker and charges are very genuine at all trades.
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Discussion (12)
Most of the time it can be sold on the same day.
Check this comment
Any stock purchased and sold on the same day is known as 'Intraday', regardless of the order type (MIS or CNC). After the execution of the new 'Margin Requirement' rules, all the profits are settled on a T+1 (Trading+1) basis. This means if you take an intraday trade, your profit will reflect in your account on the next date, but the losses are subtracted from your margin immediately. On the other hand, if you sell a stock that you already hold (CNC), 80% of the total margin will be available on the same day and the remaining will be added on T+2 day.
Today i bought 100 shares and sell the same day for the long-term stock that is CNC, it have not choose the intraday option while buying but profit or lose money is not reflecting in the fund balance. Can anyone explain
It will be great to contact the broker in such a case
If you sell shares that were purchased last month. You will have to pay two types of charges. First, you'll have to pay a 15% STCG (Short Term Capital Gains) tax on the profit made. Secondly, you will incur some minute charges imposed by the broker like STT, Securities exchange tax, Exchange fees, etc. You will also be charged with a DP charge that can range from Rs10 to Rs25 (per order) depending on your broker. These are the charges that you'll have to pay irrespective of you buying the same shares again.
Nice Explanation !
Right a lot of charges are due to exchange and some other charges are govt taxes
Govt Taxes are bare minimal though, Trade amount matters the most
if i buy shares last month and sold today and bought again in evening what r charges applicable
Zerodha is India’s largest and most trusted Stock broker with more than 1+ crore active users. Selling shares in CNC is very simple in Zerodha. To sell any share in CNC you must possess that stock in your Demat order to sell it in CNC. Learn how to sell your shares in detail.
IOC simply stand for Immediate Or Cancel (IOC) orders. As you get more and more familiar with trading terms and slang, you might realize that each term is supposed to be linked with others, which form this sort of conjoined strategies. These strategies are usually what result in successful trading, rather than speculation.
You might have come across these product codes: MIS and CNC. Ever wondered, what they mean? Here you'll learn what is MIS and CNC in context to stock trading in context to Zerodha and other stock brokers in general.
Zerodha Kite allows you to sell shares either at market order or by placing stop loss. The order will be executed at the best available price.
For placing a BTST order via Zerodha Kite, the process is quite simple. You can follow the same steps as to how you might place an order on Zerodha Kite. However, when you buy or purchase a stock, you will have to select the “CNC product type” option in the buy order popup.
GTT in Zerodha is an acronym for the Good Till Trigger feature offered by Zerodha that lets the investor select a trigger price and a set of predetermined conditions that as and when are met, an order is placed automatically.
Putting Stop losses for any position is an essential step to ensure that no major losses occur if the view on the underlying goes wrong. You should always place a Stop Loss when trading Intraday or positional. You can use a stop loss in Zerodha by following some easy steps.
Intraday trading on Zerodha can be executed with ease by choosing the type of trades you want to engage in. These could be NIFTY, BANK NIFTY, or future options of companies. Once you choose the respective lot, then choose the type of orders and then buy the shares. Trade them when you see a profit or wait till a specific point till you recover your investment.
GTT or Good Till Triggered, is a feature of Zerodha that lets users execute trades based on a specific price point. It's quite helpful for those that want to trade in the stock market but have no time to keep track of their investments.
Trigger price is the price entered by a trader during stop-loss limit and stop-loss market orders. Let's understand this in detail. In Zerodha following this mechanism is really simple.
ez3736
if I buy 100 shares and then sell the same later during the day, zerodha charges DP charges for every sell transaction if you use CNC order type. WHY? if I sell 100 shares from demat and buy back the same before day end using order type CNC, zerodha chares DP charges for every sell transaction. WHY?