Bid Qty	Bid Price	Offer Price	Offer Qty
--	--	--	--
--	--	--	--
--	--	--	--
--	--	--	--
--	--	--	--
Total Buy Qty.: 0	Total Sell Qty.: 0

NEFT/ RTGS details for Mutual Funds

Bank Account mapped to your account does not support Netbanking. Hence we request you to initiate funds transfer through NEFT / RTGS.

Bank Details	ICICI	HDFC
Beneficiary Account Number	3922	MFDICC
Beneficiary Name	Indian Clearing Corporation Ltd MF A/c	Indian Clearing Corporation Ltd -MFD A/c
IFSC Code	ICIC0000104	HDFC0000240
Account Type	Current	Current

You can transfer funds to either of the accounts.

Trading Product Codes - MIS, NRML, CNC, BO

Posted By : reliancesmartmoney.com
Friday Aug 09, 2019

Basic Trading Terminology

Market Order: A market order is an order to buy or sell a stock at the current market price. It signals your broker to execute the order at the best price currently available. However, as market prices keep changing, a market order cannot guarantee a specific price.
Limit Order: To avoid buying or selling a stock at a price higher or lower than you wanted, you need to place a limit order rather than a market order. A limit order is an order to buy or sell a security at a specific price. However, a limit order cannot guarantee execution of the trade. This is because the stock might not reach the desired rate on that particular trading day owing to market-related factors.
Stop Loss Order: A stop loss order is a standard order placed with a broker to sell a security when it reaches a certain predetermined price called the trigger price. The stop loss trigger price is your defence mechanism for unexpected loss-bearing transactions – an amount at which you will be able to sustain yourself against unanticipated market movements. For example, if you bought a stock at Rs. 10, you place a stop loss order with your broker to sell it, if it reaches Rs. 8. This helps you prevent further loss, in the eventuality that the price of the stock might dip even further. Thus, it helps limit your loss or protect unrealised profits, whichever the case.
Immediate or Cancel Order (IOC): An Immediate or Cancel (IOC) order allows a trading member to buy or sell a security as soon as the order is released into the market. In case the order failed to fulfil the total quantity, it will be cancelled from the market. Partial match is possible for the order, and the unmatched portion of the order is withdrawn immediately.
Intraday Trading: This involves buying/selling stocks within a day, to earn quick profits during the day. Books are closed on the same day.
Swing Trading: Trades executed for longer than a day, to make quick bucks on the swings/trends.
Positional Trading: Trade execution for a longer time horizon than swing (months), where traders hold the positions in expectation of favourable outcome.

Trading Products

Cash N Carry
(CNC)

How does a CNC order work?

If you intend to buy shares worth Rs.10,000, you should have the entire amount in your trading account. Similarly, if you wish to sell 100 shares, they should be available in your demat account. So if you have Rs.10000 and you want to buy stocks of Company A which cost Rs 10/ per share, you will be able to purchase ;
Amount (10000) / Per share price (10) = No. of shares (1000)
Thus, you can buy 1000 stock worth Rs.10/each with Rs.10000.

What is CNC?

CNC stands for Cash N Carry, which is also known as delivery trading. It refers to the arrangement where you (the trader) need to pay the entire amount in cash or give shares as margin equating to the value of purchase at the time of the order placement.
It is delivery-based trading, where the system will require you to bring in 100% margin for buy orders and sufficient holdings for sell orders unless squaring off an existing open position.
You can always convert your CNC order to intraday (MIS) anytime during the day.

How to trade using CNC order type?

Login to our any of trading platforms..
Select the stock you want to purchase using CNC order type.
Once you have selected the stock you will be navigated to the trading screen, where you need to enter the following details:
1. Action (Buy or Sell)
2. Enter the number of shares you want to purchase
3. Select order type, i.e. limit order or market order
4. Now in there is a product type drop-down wherein you have to select CNC
5. Click on submit to execute order

Normal Order (NRML)

How does NRML order work?

If you have an NLV (Net Ledger Value) of Rs. 100/-, you will be allowed to buy delivery of Rs. 400/- (assuming margin requirement of 25%). You will be debited Rs. 400 on T day with a debit effective date of T+2 days. Your ledger will have Rs. 300 debit. You'll pay 25% of what you're buying, i.e. 25% margin.

What is NRML?

In NRML, you’ll be required to pay approximately 20% margin to buy a scrip.
The exchange allows the clients to pay the broker the remaining 80% without interest in 2 additional days (within T+2 days). After the T+2nd day, the said exchange will be blocked for creating other positions for the client till the debit is uncleared.
You are required to maintain the minimum margin needed by infusing additional money, if required, failing which the positions will be liquidated at our end.
We at Reliance Securities, allow our clients to carry forward this position up to seven days and even more, if the clients wish to, at a nominal interest rate on the outstanding amount.

How to place an NRML order?

Log in to any of our trading platforms.
Select the stock you want to purchase using NRML order type.
Once you have selected the stock, you will be navigated to the trading screen, where you need to enter the following details:
1. Action (Buy or Sell)
2. Enter the number of shares you want to purchase
3. Select Order type i.e. Limit order or market order
4. In the product type dropdown, you have to select NRML
5. Click on submit to execute order.

Margin Intraday Square-Off (MIS)

How does MIS order work?

You want to buy 1000 shares of company A, which are trading at Rs.50 per share. The total value of the transaction is Rs.50,000 if you use full cash position. However, you can buy the same stock through our intraday product MIS where the margin required is 10%. Thus, the total amount needed for the transaction would be 10% of Rs.50,000, i.e. Rs.5,000.

What is MIS?

Block only a small specified margin for the total purchase price of the scrip. You can take leverage of as high as ten times. This product is crafted especially for day traders
Open MIS orders will be squared off by the system automatically at 3:20 PM
Take leverage in intraday positions in cash, futures and currency, but not in options under this product
Convert your intraday product, i.e. MIS to delivery products, i.e. CNC or NRML

How to place an MIS order?

Login to our any of trading platforms.
Select the stock you want to purchase using MIS order type.
Once you have selected the stock you will be navigated to the trading screen, where you need enter the following details:

Action (Buy or Sell)
Enter the number of shares you want to purchase
Select Order type i.e. Limit order or market order
In the product type dropdown, you have to select CNC
Click on submit to execute order.

Bracket Order
(BO)

How does Bracket Order work?

You wish to buy 100 quantity of stock A at Rs 200 and keep Rs 190 as stop loss and want to book your profits at Rs 215. Bracket order allows you to punch three orders at the same time – initiation buy order at Rs 200, stop-loss sell order at Rs 190 and square-off sell order at Rs 215.

What is a Bracket Order?

In a Bracket order, you will be able to place three orders as a combination of a single window.
You will be able to enter parameters for:
1. Taking a new position
2. Squaring off the position
3. Keeping a stop-loss for that position
If the position initiation order gets executed, the other two orders will be on the trigger pending status.
If either of the square off or the stop-loss order gets executed, the other order gets cancelled automatically, thereby avoiding redundant open orders.
Margin blocked will be as per CNC or NRML.

How to place a Bracket Order?

Login to our any of our platforms.
Select stock or contract you want to purchase using Bracket Order type.
Once you have selected the stock you will be navigated to the trading screen, where you need enter the following details:
1. Action (Buy or Sell)
2. Enter the number of shares you want to purchase
3. Select Order type i.e. Limit order or market order.
4. Now in there is product type dropdown wherein you have to select BO.
5. Click on submit to execute order.

Cover Order

What is a Cover Order?

Cover Order is a two-leg order where you place to buy/sell order along with corresponding stop loss order.
First leg (buy/sell) is placed at the market.
The second leg is stop loss market order. It remains pending till trigger price is not reached. Once LTP reaches the trigger price, the order became active and sent to the exchange as a market order. You need to input the trigger price for the second leg in the same order.
Once the first leg is executed, the second leg (stop-loss order) cannot be cancelled. It can only be exited. Exiting means placing a market order.
With the cover order, you can avail an exposure up to 100 times in Nifty / BankNifty and 33 times in a stock. This product too is specially crafted for day traders.

How does Cover order work?

You place a buy order for 20 shares of company A at Rs 100 per share. The minimum margin on Company A is 3%, and you can bear a maximum loss of Rs. 2 per share Placing a stop loss cover order at trigger price is Rs. 98, margin blocked will be Rs.80 i.e. higher of maximum loss you can bear*multiple (E.g.: 2 times) decided by Reliance Securities [(2*20)*2 = 80] and minimum margin% on the stock value [(20*100)*3% =60].

How to place Cover Order?

Login to our any of our platforms.
Select the stock or contract you want to purchase using CO order type.
Once you have selected the stock you will be navigated to the trading screen, where you need to enter the following details:
1. Action (Buy or Sell)
2. Enter the number of shares you want to purchase
3. Select Order type i.e. Limit order or market order.
4. In the product type dropdown, you have to select CO.
5. Click on submit to execute order.

More Trending Stocks

Invest in our products customised for your needs.

Your Email ID

Post Authorization CDSL:

Scrip Name	ISIN	Quantity	Transaction Date	Settlement ID	Action

Note:In case authorization is not given within defined time, your shares may go in auction.

Change Products

Validity

Trading Product Codes - MIS, NRML, CNC, BO

Basic Trading Terminology