CNC (Cash and Carry) is a share market order allowing investors to buy stocks for long-term holding. Once the trade is executed, shares are transferred to the investor's Demat account.
MIS (Margin Intraday Square Off) is an order type for intraday trading, allowing traders to buy & sell within the same day. It enables leverage & requires squaring off before market close.
CNC orders are delivery-based, while MIS orders are intraday-based, focusing on short-term trades.
CNC orders use no leverage, whereas MIS orders provide leverage from the broker.
CNC orders allow holding shares indefinitely, while MIS orders require positions to be squared off on the same day.
CNC orders have no exposure to daily market fluctuations, whereas MIS orders offer full exposure to intraday market fluctuations.
CNC orders are best for long-term investors, while MIS orders are suitable for active traders focused on short-term gains.
CNC order benefits are no time pressure for holding stocks, no leverage risk, stability for long-term growth, a simple buying process & less exposure to daily market volatility.
Benefits of MIS orders include leverage for larger trades, quick profits, lower capital requirements, flexibility in trading & automatic square-off to avoid overnight risks.
To place a CNC order in Alice Blue, log in, find the stock, select Buy/Sell, choose CNC, pick Market/Limit, enter quantity & price, add stop-loss, and then confirm the order.
To place an MIS order in Alice Blue, choose the stock, select Buy/Sell, pick MIS, choose Market/Limit, enter quantity & price, set stop-loss, and then confirm your order.