There are three different types of product types that can be used at the time of placing orders: 

• CNC (Cash and Carry): CNC orders are those orders where there are no provisions for leverage, and at the time of buying, the complete market price has to be paid. CNC is used for delivery-based trading in equity. Delivery-based trading means a type of trading where the buyer has the freedom to hold the stocks for any desired duration, and there is no auto square off.
  RELATED FACTS:
  - CNC order is known as delivery order in Odin or Option traders
  - Even if someone buys and sells a share within the same day using CNC, it will be termed as an intraday trade, and the brokerage is also applicable as per the intraday tariff.

• NRLM (Normal) Product type: Normal is used for overnight trading of futures and options. While using normal as a product type, the trader can carry their positions in the derivative market until the expiry. No intraday leverages will be available while using the normal product type. Normal product type is also used for delivery-based trading of currency. In ODIN, or Option Trader, a normal product type is also known as a margin order.
  
  
• MIS (Margin Intraday Square Off): The MIS product type is used in intraday trading to get the benefit of the intraday leverage. Here,the amount that will be paid by the trader is equal to the market price – VaR%. The open positions under the MIS product type will be automatically squared off if they are not closed before the scheduled auto square-off time.