Can we convert CNC to MIS in Zerodha? What is the difference between CNC and MIS?
- Asked By
- Updated On:02-Apr-2024
- Replies:3
Short Answer
The short answer is yes you can convert CNC (CASH AND CARRY) position to MIS (MARGIN INTRADAY SQUARE OFF) in zerodha. This option is presented inside the positions tab in Zerodha is very easily accessible.
Detailed Answer
Yes, you can convert your position from CNC to MIS in Zerodha. Once you go to the positions tab, you will see three dots which various options that you have on that position, one of those options will be to convert CNC to MIS. Just click on that and follow the steps and you are good to go.
However converting vice-versa i.e MIS to CNC is not trivial and you need to have sufficient funds in your account.
The major difference between CNC and MIS is that the former is solely delivery based. MIS on the other hand relates to intraday and can be easily squared before the market is closed. So, if the investor doesn’t square it, the broker will. Both CNC and MIS are ways in which you can trade & invest in the stock market.
It is totally investors choice whether he wants to go for CNC or MIS. If he believes he can handle his holdings and deal with the market dynamics, then why not go for CNC! This being said, if your main motive is immediate daily returns then converting to MIS is the best option for you.
Ask Your Query for FREE, Get quick answers from our FINTRAKK community!
Discussion (2)
Sir i sold stock in cnc , stock price is coming down, is it compulsory to convert cnc to mis or simply can I place buy order in cnc
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 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.
Zerodha is India’s top Discount broker that allows its clients to trade in Equity and Commodities. Equity and commodity are two different asset classes in which you can trade as well as Invest. Know what are equity and commodities in detail.
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.
So, you wish to know how to do short selling in Zerodha or with any stock broker for that matter. In simple words, Short selling is When you go short, you sell the stock first and buy it later. The same has been explained in detail here.
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.
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.
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.
Yes, CNC can be sold on the same in Zerodha. You just have to be zerodha client
Raghuram P
How to identify the stocks that can be converted from CNC to MIS. Sometimes i get alert saying that the stock is blocked for converting the position from CNC to MIS. Kindly help.