You bought the shares with 5paisa for intraday trading but the share was not so volatile and thus you thought of holding it for few days. But here comes the question of how you can convert intraday to delivery in 5paisa.
If you too are looking answer for the same, then here is the complete detail and the step-by-step guide that will help you to trade efficiently.
How to Convert Your Position in 5Paisa?
Before diving into the detail of position conversion here it is important to note that the position from intraday to delivery is converted only when the required margin is available in the trading account.
Further, the order placed using the bracket or cover order cannot be converted to delivery trade.
If you meet the above points then here is the process of converting your positions in trading.
Open the app, Trade Station. After logging into the app, click on Trade Option as given below.
Let’s take the example of JSW Steel here. Looking at the scrip, click on the Convert Option that is given beside the scrip.
A pop-up window will appear on the screen. By checking all the information, click on ‘Convert Intraday to Delivery’.
An alert window will appear on the screen to verify the decision of changing the position type from intraday to delivery.
After clicking on the ‘Yes Button‘, the order will get changed to the delivery position.
A new pop-up will elucidate the order execution.
Likewise, the order easily gets executed and changed to delivery trading with 5paisa from the intraday position.
Conclusion
Mostly, the traders come up with the query of how to convert intraday to delivery in 5paisa.
So to trade efficiently with the stockbroker, it is necessary to note that the broker allows the traders to convert the positions from one to another but there are some factors that are to be fulfilled to convert the positions.
If you found the stock productive then it is the right time to attain ownership of the stock by converting it into a delivery position from intraday.
In intraday trading, the trader does not enjoy or have the ownership of the stocks whereas, in delivery trading, the investors get the ownership of the stocks.
Get the right opportunity to change the position from MIS (Margin Intraday Square Off) or Intraday to CNC (Cash N Carry) or delivery.
Therefore, let’s check, explore and convert!!
Grab a seamless trading experience by opening a demat account with one of the renowned stockbroker.
