Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Intraday square-off time is the broker’s deadline by which all open intraday positions must be closed, failing which they are auto squared off.
Intraday Square-off Time refers to the specific time set by a broker by which all intraday (same-day) trading positions must be closed. If a trader does not exit the position manually before this deadline, the broker automatically squares off (closes) the open positions to avoid overnight risk.
Intraday trading involves buying and selling securities within the same trading day without taking delivery. Since these positions are meant to be closed on the same day, brokers impose a cut-off time known as the intraday square-off time.
If a trader fails to close the position before this time, the broker will automatically close it at the prevailing market price. This helps manage risk and ensures that leveraged intraday positions are not carried forward unintentionally.
If the market closes at 3:30 PM and the broker’s intraday square-off time is 3:15 PM, any open intraday positions will be automatically squared off at or after 3:15 PM if not closed manually.
In simple terms, intraday square-off time is the broker’s deadline to close same-day trading positions.
Answered on
