What is MIS?
MIS stands for the Margin Intraday square -off.
It applies for the intraday trades, where the client can buy/sell the stocks/futures & options contracts in any segment. The positions taken under MIS will be squared off on the same day, and if the client has not squared off the positions before the intraday square off time, the positions will be automatically squared off during the last 30 minutes of the closing of market hours.
Call N trade charges would be charged for these admin auto square off trades.