Your position might have been auto-squared off for these reasons:
- Intraday Trading (MIS): If you don't close your open intraday positions by 3:20 PM, the system will automatically square them off. A fee of Rs 50 + GST per position applies. To avoid this, make sure to square off your positions in advance.
- Futures & Options (F&O): If you don't settle your F&O positions, they will either expire or be automatically settled by the exchange at the expiry price, which could lead to a profit or loss. If your position is 'in the money,' physical settlement might be required. Your intraday position in F&O will be auto-squared off at 3:20 PM as per our policy.
- Stock Derivative on Expiry Day: According to our risk policy, positions in stock options will be auto-squared off at 1 PM on the expiry day if you don’t choose physical settlement.
To avoid auto-square off charges or unwanted settlements, make sure to exit your positions before these specified times.