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Hello and welcome to RKSV tutorials
In this video, we will show you when you should convert your positions
from Intraday to Delivery and vice versa
Also we will show you how you can do that using NEST trader
NEST trader allows you to freely convert any position
whether it’s historical or today
between intraday and delivery
Since RKSV gives you leverage for intraday positions
you can convert your CNC or NRML positions to
MIS to free up margin
You can convert your MIS position to CNC
or NRML if you want to hold the position overnight
Remember that if you leave a position in MIS
it will get squared off by the end of the day
Let's go to NEST trader and see how we would convert our
historical positions to MIS Intraday
I'm going to open our limits window to see how much margin
we currently have
My net available margin is 23,120 rupees
This should increase once I convert my position
to intraday as it frees up margin
To open the position conversion window
Click on Masters and then Admin Positions
You can also press F11 on your keyboard
Here's a list of my historical positions
Let's take the first position, a long Nifty future position
and convert it to MIS
Click on the position and press the "Position Conv" button on the top right
In this window, change the product type to MIS and click Convert
A success message should appear right away
A success message should appear right away
Now if I refresh my limits window, I see that my new margin is
39,159 rupees
I just showed you how you can convert your historical positions to intraday
Now let's see how we can convert our present day positions to Intraday
First open the tradebook
Like before, select the trade you want to convert
and press the "Position Conversion" button on the bottom left
Notice that you are only given the option to convert to NRML
since the trade is presently in MIS
That’s it.
You can also go back and convert the positions back to NRML if you want.