Does Punch have MIS orders?

Punch offers MIS and CNC for cash and equity trading. For F&O, only overnight positions are available.

Written By Archit Sunat

Last updated 27 days ago

It depends on what you are trading. Punch supports different product types for cash/equity and F&O segments.

Cash and equity trading

For stocks and equity, Punch offers both:

MIS (Margin Intraday Square-off) — for intraday trades that are squared off by end of day
CNC (Cash and Carry) — for delivery trades that you want to hold overnight or longer

Futures and Options

For F&O, Punch only offers an overnight product — there is no intraday (MIS) option. This is because there is no margin benefit for doing intraday in options. Your positions carry forward until you choose to exit or they expire.

What happens at expiry

If you do not close an F&O position before its expiry, it is automatically settled. A fee of Rs. 50 plus GST is charged for positions that go to auto-settlement.