What is MIS order?

MIS Order means Margin Intraday Square Off Orders. So in simple term, you buy shares/ index/ F&O/Currency and sell them on the same trading day. If traders want to exit the script on the same trading day, they need to choose order type as MIS. When you select order type as MIS, you can square off the trade by yourself or trade will get auto square off by RMS team a few minutes before market close. MIS Orders can be converted into delivery or carry forward trades if 100% margin is available. With MIS orders, all brokers give you a higher margin, so you can buy more shares compared to delivery trades.

Answered on

I Like It. 4

5paisa Review 5paisa - Trade in only Rs 10 per executed order Open Account Now

We want to introduce the chepest discount broker with best in class trading tools and research to give you more savings from traditional percentage base brokerage.


User Comments

avatar
  

Enquire Trading Brokers:

Name 

 Phone 
Email   City 
State   






Search topsharebrokers.com:

Translate topsharebrokers.com: