Reliancemoney Instaplus - 2 new fields, Retention & Product Code

Discussion in 'Brokers & Trading Platforms' started by dizzy, Nov 10, 2010.

  1. dizzy

    dizzy New Member

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    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 :)
     

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  2. reks

    reks Member

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    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
     

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