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What is NRML in Zerodha

 

What is NRML in Zerodha

What is NRML in Zerodha

NRML stands for "Normal" in Zerodha, a type of order used in the trading platform. It is a facility provided by Zerodha for buying and selling securities in the equity and derivative segments.

In NRML, traders can hold their positions for an extended period, typically until the contract expires. This means that the trader has the flexibility to take advantage of any significant price movements that may occur during the trading period.

One of the primary benefits of NRML is that it provides leverage to the trader. This means that the trader can take a position in the market much larger than the amount of money they have in their account. This allows traders to increase their potential profits but also increases the potential risk.

NRML orders are settled on a T+1 basis, which means that the settlement of the trade takes place one day after the trade date. It is important to note that NRML orders cannot be used for intraday trading, as they are valid only for overnight positions.


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