Margin Intraday Square Off (MIS) is used for trading Intraday Equity, Intraday F&O, and Intraday Commodity Trading. Using the MIS product code you will get an intraday leverage between 3 to 10 times based on what stock you are trading.
Cash and Carry (CNC) is used for delivery based trading of equity.
NRML or the Normal Margin (Full Form of NRML) order is used for carry forward trades in the derivative segment. For example if somebody wishes to buy Nifty futures/Options and sell in after a few days he can do so using the NRML product type.
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