what is mis in zerodha

In the context of Zerodha, MIS stands for "Margin Intraday Square-Off". It is a product type specifically designated for trading Equity, Equity F&O, Commodity futures, and Currency futures. MIS orders are used for intraday trades with leverage, meaning you will have to close the order on the same day. All MIS positions are auto squared off by Zerodha if not closed by the trader during the day.