When to sell MIS order in Zerodha?

You can place a sell MIS order in Zerodha even when you do not have stock in your Demat account. However, you need to ensure to square off the position within the stipulated timeline.

If you have placed an MIS buy order first, you need to sell your MIS order in Zerodha within the timelines stated below. If you do not square off your MIS open position within the stated timelines, Zerodha auto squares off the open positions and charges Rs.50 per position squared off.