How to convert Intraday trades into delivery?

How to convert Intraday trades into delivery?

1. Delivery to Intraday Conversion
• Objective: Change a position held for delivery (beyond the trading day) to an intraday position (to be squared off within the same day).
• Steps:
APP: Login > Stocks > Books > Position > Tap on the Position you wish to convert > Click on Convert > Select the quantity you wish to convert > Click on convert
Website: Login > Order & Position > Positions > Click on the 3 dots beside the Position you wish to convert > Click on Convert > Select the quantity you wish to convert > Click on convert
• Note: If you are a non-POA (Power of Attorney) customer, ensure that the sell authorization process is completed to avoid any issues with short selling.

 2. Intraday to Delivery Conversion
• Objective: Convert an intraday position (to be squared off within the same day) to a delivery position (held beyond the trading day).
• Steps:
APP: Login > Stocks > Books > Position > Tap on the Position you wish to convert > Click on Convert > Select the quantity you wish to convert > Click on convert
Website: Login > Order & Position > Positions > Click on the 3 dots beside the Position you wish to convert > Click on Convert > Select the quantity you wish to convert > Click on convert
• Note: Ensure that you have sufficient margin availability for the scrip you wish to convert.
• Margin Requirements: Converting positions may require different margin levels depending on the type of trade.
• Authorization: Non-POA customers should complete the sell authorization process to avoid issues.




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