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    Intraday Trading

    What happens if my Intraday Buy/Sell position is not closed at the end of the trading day?

    If your intraday position is not closed before market close for reasons not limited to technical issues, connectivity failures, or if the scrip hits a circuit — here is what typically happens:

    A. Open Buy Positions

    a. On T+1 day (next trading day after the transaction), the position will be converted into a delivery trade, subject to sufficient credit balance in your ledger across all segments.

    b. If sufficient balance is not available, shares equal to 120% of the outstanding debit will be auto-pledged in your demat account in favour of ISEC CUSPA on T+1 day.

    c. You must clear the outstanding dues by the end of trading on T day (same day as the trade). If not cleared, your Delivery / MTF / SAM / CUSPA open position may be liquidated on or after T+2 day (second trading day after the transaction) to the extent of pending dues.

    Example:
    If you have an Intraday/Bracket Buy Position of 500 shares in ABC Ltd open at market close:

    a. With sufficient ledger balance, the position will convert to delivery, and securities will be credited to your demat account on T+1 day (the next trading day).

    b. If you bought stocks worth ₹1,00,000 and have an outstanding debit of ₹50,000, then stocks worth ₹60,000 (120% of debit) will be auto-pledged in favour of ISEC CUSPA. The remaining ₹40,000 worth of stocks will be credited as free balance.

    c. You will need to clear the dues by the end of T day, else your open positions under Delivery / MTF / SAM / CUSPA may be liquidated on or after T+2 day to cover the pending dues.

    B. Open Sell Position

    a. If free shares are available in your linked demat account (full or partial quantity), they will be debited to meet the pay-in obligation for the respective settlement, to the extent of available shares.

    b. If shares are not available in your demat, the position will be subject to exchange auction on T+1 day. Short quantity will be settled through auction on T+3 day (third trading day after the transaction), along with applicable penalty/auction charges.

    Example:
    If you have an Intraday/Bracket Sell Position of 500 shares in ABC Ltd open at market close, but only 300 shares are free in your demat:

    a. 300 shares will be adjusted against the sell obligation.

    b.The remaining 200 shares will be taken to an exchange auction on T+1 day and settled on T+3 day with penalty/auction charges.

    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? How can I “Square Off” a position? 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? 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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