Can I use CNC for Intraday?

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Yes, you can use a CNC order for intraday trade. However, in such cases, you will not get any leverage for trading and the brokerage will get applicable as required for intraday trading.

If you convert the CNC to MIS, you will have to square off your position before the stipulated time, failing which, it will get automatically squared off by your online broker with some charges.

Topic: Product Types in Trading Defenition

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