How to convert your position?

How to convert your position?

After placing a trade, you have the option to convert your position between Delivery and Intraday types. Here's how you can manage these conversions:

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:
    1. Log In: Access your trading account on the platform.
    2. Navigate to Positions: Go to the "Positions" tab.
    3. Select Position: Choose the delivery position you wish to convert.
    4. Convert: Select the option to convert to an intraday position.
    5. Confirm: Verify and confirm the conversion.
  • 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:
    1. Log In: Access your trading account on the platform.
    2. Navigate to Positions: Go to the "Positions" tab.
    3. Select Position: Choose the intraday position you wish to convert.
    4. Convert: Select the option to convert to a delivery position.
    5. Confirm: Verify and confirm the conversion.
  • Note: Ensure that you have sufficient margin availability for the scrip you wish to convert.

General Considerations

  • Margin Requirements: Converting positions may require different margin levels depending on the type of trade.
  • Authorisation: Non-POA customers should complete the sell authorisation process to avoid issues.
  • Platform Access: The specific steps and options may vary slightly depending on the trading platform used.

By following these steps, you can effectively manage and adjust your trading positions based on your strategy and market conditions.


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