In Zerodha, NRML refers to NORMAL orders. You cannot sell using the product code CNC until you have the stock in your DEMAT account unless you purchase and sell on the same day.
You don’t gain any leverage when you use CNC product code, and your position isn’t automatically squared off. These trades will be considered as Intraday trading in such situations, and the brokerage applicable to Equity Intraday trades will be charged. If you sell the shares on the same day, there is no penalty. However, the sell amount cannot exceed the buy quantity. If you want, you may sell the shares the same day if you use the CNC code. Zerodha offers brokerage-free delivery trading, which implies that no brokerage is charged on CNC orders.ĬNC is a product code, so keep that in mind. You should select the CNC order type if you wish to buy a stock and keep this for more than two days. It’s a sort of order that’s utilized for items that require delivery.
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