Why did Zerodha square off my position?
Zerodha will close your position in the following scenarios -
2. You have a position where you have not maintained necessary required margins. You will be sent a margin call and if you don't bring in the required funds, your position will be squared off at the discretion of our RMS team.
1.You have a BO/CO/MIS position which you haven't closed even after the designated square off time.
Typically the intra-day auto square off timings are as below:
|Particular||Equity/Cash||Equity Derivatives||Currency Derivatives||Commodities|
|Auto square off time||3:20 pm||3:20 pm||4:30 pm||25 minutes before Close|
3. If your MTM losses exceed 50% your position will be squared off.
4. Pledged shares squared off in case of drop in value of shares or loss in collateral margins.