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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