Your intraday positions will be auto squared off by our RMS after reaching a threshold time to do so. For Equity, F&O, Currency and commodities segment the intraday square off will commence 15 minutes before the market closes.
However, it is significant to note that Intraday square off timings can be changed based on our risk management measures taken to safeguard our clients’ interest.
If any intraday position/s irrespective of the segment is/are not squared off on the same day due to any risks associated with internet/wireless-based trading or scrip circuit limits which may occur at the Client’s end or Fyers end or from the respective Exchanges. Such open positions will be treated as a CNC for Equity positions and Margin for F&O/Currency/Commodity Derivatives positions and will be carried to the next trading day session.
In such scenario, the obligation of squaring off the position will be on Client and if the necessary margins are not available in the account to hold any such positions, you will need to bring in the required additional margin. Else, our RMS team shall square off the positions without intimation to the client.
To know more about Fyers Margin Policy read this blog post: FYERS – Margin Policies.