What does CNC, MIS and NRML Mean?

Post Date : December 16, 2024

Cash and Carry (CNC)

CNC is used for delivery-based trading in equity. It allows you to buy stocks and hold them for as long as you like. There is no leverage, and positions are not auto-squared off. You can sell the stocks from your holdings anytime.

Did You Know? If you buy and sell the stock within the same day, it will be treated as an intraday trade, with corresponding brokerage charges.

Margin Intraday Square off (MIS)

MIS is designed for intraday trading with leverage. It’s used for equity, equity F&O, commodity futures, and currency futures. Positions are automatically squared off at the end of the day if not manually closed before the auto-square-off time.

Normal (NRML)

NRML is for overnight trading in futures and options, allowing positions to be carried until expiry. It doesn’t offer intraday leverage but is used for holding futures and options over multiple days or for currency delivery-based trading.

Each product type has its specific purpose, so choose the one that aligns with your trading goals.