What is auto square-off, and when does Lakshmishree (Shree Varahi) automatically close intraday positions?

Auto square-off is a Risk Management Feature where Lakshmishree automatically closes any Open Intraday Positions if the user does not close them before a specified time.

  • If you do not square off your intraday trade before the set deadline, Lakshmishree’s RMS (Risk Management System) will automatically close your position.
     

The Square-Off Timings are:

  • Equity & F&O (NSE/BSE): Starts at 3:15 PM
  • Commodities (MCX): 11:15 PM (When market closes) or 11:40 PM (When market closes)
     

To avoid charges, it is advised to close your intraday positions before these times.