Thanks for you reply..Just need bit more explanation..
How you convert NRML to MIS position on day 2 ?
Is it by selling NRML position and buying back in MIS mode on day 2 ?
or
Can you simply convert NRML to MIS without doing any trade on day 2 ?
How you convert NRML to MIS position on day 2 ?
Is it by selling NRML position and buying back in MIS mode on day 2 ?
or
Can you simply convert NRML to MIS without doing any trade on day 2 ?
You need to follow option 1 mentioned by you.
Thanks.
Thanks.
That means we have to pay STT,TRANS CHARGE,STAMP DUTY etc. everyday morning just to convert all open position from NRML to MIS. Its not worth it.
And if we don't convert position on day-2 then we don't get INTRADAY LIMIT / INTRADAY MARGIN which is 2 times of normal span.
Another interesting thing is that we can convert MIS to NRML easily without doing any trade but can't do other way. Isn't it strange !!