NRML stands for Normal order.
MIS stands for Margin Intraday Square off
NRML is used to take overnight position or to carry forward the positions
MIS is used for intraday trading i.e. buying and selling the same stock same day.
Applicable only for F&O, Currency, and Commodity segment.
Applicable across all segments viz. Equity, F&O, Currency, and Commodity
See Also
How to place an NRML sell order?No leverage available for NRML orders
Leverage up to 5x times available for Equity MIS orders
NRML positions can be held till expiry.
MIS positions need to be closed the same day.
NRML orders do not get auto squared off.
MIS orders carry the risk of auto square off with charges if not squared off within specified time.
