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Zerodha Product Codes Explained- CNC, MIS, SL & More

Being one of the top brokers in India, Zerodha offers a wide range of trading and investment opportunities to traders and investors. Here is how various Zerodha product codes mean.

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Zerodha Product Codes Explained- CNC, MIS, SL & More

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  1. Zerodha Product Codes Explained - CNC, MIS, SL & More With over 3 million clients in India, Zerodha is a pioneering name in the field of stockbroking. Being one of the top brokers in India, Zerodha is known to have brought the concept of discount broking in India and maintained its position for many years. The best discount broker in India offers a number of products & services that are known to set a benchmark in the domain. For example, Zerodha’s Kite trading platform has no match in terms of user-friendly navigation and trading experience. Now when it comes to using Kite trading platform, there are various technical terms traders and investors come across. In order to ensure a smoother and feasible trade, it is necessary for them to have proper knowledge of them. So, in this post, we will explain various Zerodha product codes like CNC, MIS, SL, and others. If you have no idea about what they are and how you can use them at various states of stock trading, you can get the best answers here. Whether you want to do intraday trading in Zerodha or regular trading, having proper knowledge of Zerodha product codes is always a big plus. CNC: It refers to Cash n carry and utilized in delivery based equity. There is no leverage given in CNC. However, there is also no auto square off at the summing of the trading session. MIS in Zerodha: Being one of the top 10 stock brokers in India, Zerodha offers a wide range of trading and investment opportunities to traders and investors. MIS means Margin Intraday square off. It is used for Intraday trading with leverage. All MIS position is auto squared off at the end of the day session. Market order (MKT): When it comes to buying a share on the existing market worth, it is suggested to place a market order. For example, if the market worth (present buying and selling worth) of an inventory is Rs 100 and you might be ready to buy the share on the undistinguishable value or the market worth, then you possibly can place a market order. Right here, the order is executed instantaneously on the market worth.

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