Reliancemoney Instaplus - 2 new fields, Retention & Product Code

[dizzy]

Hi,
I am a newbie investor and unfamiliar with trading platforms, so please bear with my silly questions.

Recently my reliance money account was migrated to the instaplus platform and now there are 2 new feilds available (Please see the attachment)

1. Product Code: MIS, CNC, NRML
2. Retention: Day, IOC

Can somebody please help me understand what these 2 new feilds mean and in which scenarios should the different options be used?

Thanks

 

[reks]

Hi Guys!

I am unable to short shares using RM platform I get rejected orders while I place sell order

While shorting I use
Product code: MIS
Retention:day
and then click sell

Is that correct?

Anyone know why it gets rejected? OR

In sum, what to choose for short (sell) orders on new reliance platform?

Dizy @ The Product code you should select CNC (Cash and carry) if you want to take delivery of shares.

If you want to do intraday/margin trade then you select MIS under Product code.

That's what I know so far"D

rgds!
Reks