Placing Orders on Exchanges (23)

How do I convert an intraday (MIS) position to carry-forward (NRML or CNC), and can I go the other way?

Position conversion lets you change the product type of an open position after the trade has been placed. The two most common conversions are:

  • MIS → NRML: You placed an F&O position as intraday (MIS) but now want to carry it forward overnight as a positional trade (NRML).

  • MIS → CNC: You bought equity shares intraday but want to take delivery instead of squaring off.

  • NRML → MIS: You have a carry-forward F&O position but want to treat it as intraday for the day (for example, if you plan to exit before close and want MIS margin treatment).

How to convert a position:

  1. Go to the Positions screen from the top navigation bar.

  2. Find the position you want to convert.

  3. Tap on the position to open its detail panel.

  4. Look for the Convert option (the label may show the current product type, e.g., 'MIS').

  5. Select the new product type — NRML, CNC, or MIS.

  6. Confirm the conversion.

 

Important: For MIS to NRML conversion, you must have sufficient NRML margin in your account at the time of conversion. If you do not, the conversion will be rejected.

Note: Conversions must be requested before the auto square-off window begins. For NSE equity and F&O, this means converting at least 15 minutes before the auto square-off starts at 3:20 PM (i.e., by 3:05 PM).