What is Intraday Trading?

Intraday trading or day trading means buying and selling stocks same trading day. MIS order is a type of order used to place intraday trades.

In intraday trades, orders once executed will be shown in the positions tab and before the market closure, a trader must close all open MIS positions. If not closed, the broker RMS system will auto-square it at the applicable auto square-off charges.

Features of intraday trading;

• MIS order is used for intraday trading.
• In intraday trading, a trader can place MIS buy and/or sell order first and then square off positions by placing MIS sell and/or buy order.
• Margin/leverage is available on intraday trading. If 20% margin is available, means you can take intraday positions of 5 times of your capital.