What is the Futures and Option strategies?
In the future and options of NFO/CDS/MCX, strategies can be created for the trading and spread/Hedge benefit can be obtained by placing the orders. Under the future & option strategy, you have to place the buy order before placing the sell order to get the margin benefits for the future & Options segments.
Thus the margin benefit will be provided only if the buy order is placed before the sell order of the contracts. This is only for the future and options segments and there is no order priority in the equity cash segment.