NRML orders suit long-term investors in futures/options, allowing positions beyond a day. Ex: Mr. Sharma buys Infosys shares & sells when needed.
NRML orders enable traders to retain shares, needing ample funds, and provide flexibility in selling, fostering strategic trading decisions.
MIS: Intraday only. NRML: Extended holding, including overnight.
MIS requires a lower margin for intraday, while NRML needs a full margin per standard regulations.
MIS orders close automatically at day end, while NRML requires manual closure.
MIS is tailored for short-term trading, and NRML is suited for long-term strategies and holding positions.
MIS is applicable to equities, futures, and options for intraday trading, while NRML is mainly utilized for futures and options with a long-term view.
MIS is ideal for tactical short-term plays within the trading day, while NRML provides greater flexibility for complex strategies over a longer duration.
MIS margin is lower for its daily duration, while NRML margin could be higher due to longer holdings.
MIS: No interest charges for intraday positions. NRML, Interest charges are possible for overnight holdings.
Log into your Alice Blue trading account, select the contract, choose NRML, enter the number of lots, set the price, and then confirm & place the order.
To convert an MIS order to NRML, find the open MIS order, click 'Convert Order,' select 'NRML', and confirm with sufficient margins.