If you placed an Intraday order and did not close the position yourself, the Samco system will automatically square off your position at 3:15 PM. This is a standard risk management practice to ensure Intraday positions are not carried overnight unintentionally.
The auto square-off works as follows:
- At 3:15 PM, the system initiates square-off for all open Intraday positions
- The positions are closed at the prevailing market price at the time of square-off
- The resulting profit or loss is reflected in your account
To avoid auto square-off, you should manually close your Intraday positions before 3:15 PM. If you want to hold a position overnight, you would need to place it as a Delivery order (for stocks) or an Overnight order (for F&O) at the time of placing the trade.
Easy & quick
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