Hey Ashish,
In most of the counselling generally three option have to see.
1. Float: suppose you have alloted a seat and you want to go for further round of the counselling with securing this seat. In it your college or seat may change.
2.Slide: This is same as float but the college will same only your branch will change.
3.Freeze: it means you are happy with your alloted seat and you don't want to go for further round.
Hope this helps you!
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