Options Trading on Punch

Order types
What are the different order types available on Punch?

An order type is an instruction to a stockbroker on how to execute a transaction. The following order types are available on Punch:

  • Market: An order to buy or sell at the current market price.

  • Limit: An order to buy or sell at a specified price, instructing the broker not to exceed or drop below this price, as the case may be.

  • Stop-loss: An order placed to limit losses when there is a concern that prices may move against the trade.

  • Protection Order
Does Punch have MIS orders?

Does Punch have MIS orders?

  • No, Punch does not offer MIS (Margin Intraday Square off) orders. All orders are normal by default, so clients are not required to square off positions the same day unless there's a margin call.

  • Market orders are treated as NRML (Normal), not MIS. This means you hold the positions until you square them off or they expire.

  • If positions are not squared off by expiry, they will be automatically closed, incurring a fee of Rs. 50 + GST.


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