MIS stand for Margin Intraday Orders. MIS is leveraged order and used by clients to leverage their available margin for doing intraday square off trades. All MIS orders and positions from such orders get squared off before the end of day, either by the client themselves or by the trading system at pre defined time, whichever is earlier. Since no position is carried forward overnight lesser margin is charged to client by ProStocks than the exchange stipulated margins.
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