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    Intraday Trading

    How can I “Square Off” a position?

    Via ICICI Direct App:

    • In order to square off your Intraday position you need follow these steps:
      Click on the portfolio tab
    • Select open position
    • You’ll see all the positions you have entered
    • Click on the stock whose position you want to square off
    • Click on the square off option > set the price and continue.

        

    “Square off” action initiates a trade to close the open position.

    For Buy position: square off action initiates a sell order to close the previous open position

    For Sell position: square off action initiates a buy order to close the previously held position.

    In Order to Square off:

    Open Positions Page

    • Go to the “Open Positions” page under “Stocks”

    • Click on the “Intraday” option here, then you can view all the open positions.
    • Under “Actions” click “Square Off” to square off your trade.

     

    Stocks > Open Positions > Margin > Square Off

    Watchlist Page

    • Go to “Stocks” page and click on “Watchlist”

     

    • Scroll down to see the following table, click on “Positions”

    • Click on the three dots under “Actions”
    • Click on “Square Off”.

    Stocks > Watchlist > Scroll > Positions > 3 dots > Square Off

    What is Intraday Trading? How does “Intraday (Margin)” work? How is Intraday trading different from trading in Cash Segment/ Delivery? What is the Margin required to take a position in Intraday Product? What is Initial, Minimum Margin and Trigger price? What happens if the margin is less? Can I convert an intraday position to delivery? If so, how? What is short selling in Intraday trading, and how does it work? Can I modify intraday position? How? What are the options for “order validity”, “disclosed quantity”? Where can I see them? What is “Limit order”? How to place a limit order? What are Initial and Minimum Margins? What happens if the margin falls below the required level? How to place an Intraday order? When will the profits from Intraday trading be added to my current limits? Why are my profits from intraday are not available in current limits? What is trigger price? Where can I check trigger price for Intraday position? What happens to my intraday position if the stock hits circuit limits? How do I add Margin to my Intraday position? How are profits on Intraday trading taxed? What is the brokerage charged for Intraday? What time does the intraday day position get squared off? Will my Intraday positions get squared off due to margin shortfall? What effect will it have on my position? By what time can the positions be converted to delivery? What happens if my Intraday Buy/Sell position is not closed at the end of the trading day? Where client has undertaken multiple transactions in a single stock on the same day under Intraday product, which intraday trade leg will be considered if client has placed CTD (Convert to Delivery) request and how will the brokerage computation take place? What is Day’s Profit & Loss on website open position page? Where can I access intraday Day’s Profit & Loss? What will I see in Day’s P&L on Equity Open positions page for Intraday & Bracket? How it is helpful? Why can’t I see Overall P&L on the website open positions of Intraday & Bracket anymore?
    What should be the Stop Loss Trigger Price in different situations? How do I place a Bracket order? What is a Cover SLTP order and how does it work? Why am I getting the error “Bracket trading not supported for the stock”? How do I see the stock list for eligible stocks? How is Bracket different from Intraday Margin? Where do I modify an SLTP order? What is a Profit order and how does it work? How do I place it?
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