Converting positions refers to changing the type of an order. It involves converting an intraday position into a delivery position, and vice versa.
Types of Conversions:
- Intraday to Delivery:
- You can convert an intraday position (MIS) to a delivery position (CNC) if you wish to hold the shares in your Demat account.
- You need to pay the full amount for the stock, and the position will be treated as a delivery trade.
- Delivery to Intraday:
- You can convert a delivery position (CNC) to an intraday position (MIS).
- You can only convert delivery positions that you have taken today