How to convert your position?

How to convert your position?

Position Conversion Guide

1. Delivery to Intraday Conversion

Objective: Convert a delivery position (held beyond the trading day) into an intraday position (to be squared off within the same day).

How to Convert:

* On the App:
Login > Stocks > Books > Position > Select the position you want to convert > Tap Convert > Choose the quantity > Tap Convert

* On the Website:
Login > Order & Position > Positions > Click the three dots next to the position > Select Convert > Choose the quantity > Click Convert

Note: If you are a non-POA (Power of Attorney) customer, ensure your sell authorization is completed to avoid short selling issues.

2. Intraday to Delivery Conversion

Objective: Convert an intraday position (to be closed within the same day) into a delivery position (held beyond the trading day).

How to Convert:

* On the App:
Login > Stocks > Books > Position > Select the position you want to convert > Tap Convert > Choose the quantity > Tap Convert

* On the Website:
Login > Order & Position > Positions > Click the three dots next to the position > Select Convert > Choose the quantity > Click Convert

Important:

* Ensure you have sufficient margin for the stock you wish to convert.
* Margin requirements may differ based on the type of position.
* Non-POA customers must complete the sell authorization process to avoid any conversion issues.

 



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