Why can't I convert my index option buy position from MIS to NRML?
Rejection: Position conversion from MIS to NRML is not allowed for [index] option buy positions.
You will not be able to convert your MIS index option buy positions to NRML from the position conversion option on Kite. However, you can exit your MIS positions and enter into a new NRML position in such cases. Due to broker-level OI restrictions from SEBI, the restriction on position conversion is put in place to ensure only the index option strike prices in the tradable range can be carried forward overnight.
You will be able to freshly enter into any NRML index options position if the strike price is within the tradable range. Learn more.