---
title: "Why are sold holdings bought back on the same day?"
description: "Your sold holdings are bought back on the same day when you select MIS (Intraday) instead of CNC (Longterm) for selling your shares."
category: arrow
subcategory: general
slug: why-are-sold-holdings-bought-back-on-the-same-day
canonical: https://support.arrow.trade/arrow/general/why-are-sold-holdings-bought-back-on-the-same-day/
---

# Why are sold holdings bought back on the same day?

> Your sold holdings are bought back on the same day when you select MIS (Intraday) instead of CNC (Longterm) for selling your shares.

## Short answer

Your sold holdings are bought back on the same day when you select MIS (Intraday) instead of CNC (Longterm) for selling your shares.

MIS creates a sell intraday position that must be squared off before market closure. If you don't square off the position, iRage may square off your position and charge ₹50 + 18% GST as auto square-off charges.

To sell your existing holdings, always select CNC (Longterm) to avoid creating an intraday position.

## Related

- Browse more in [general](/arrow/general/)
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---

Source: https://support.arrow.trade/arrow/general/why-are-sold-holdings-bought-back-on-the-same-day/
Publisher: Arrow / iRage Broking Services LLP