Intraday order basically means that you propose to square off the position before the close of the market and do not intend to settle the transaction by delivery.
How can I Place Intraday orders?
You need to select the product type as “Intraday” in order panel while placing orders in your Trading Terminal.
Do I need to have entire amount to place intraday buy orders?
No. In case you place an intraday buy order only the applicable margin percentage shall be blocked from the available buying power.
Do I need to hold the securities for placing Intraday Sell orders?
No. In case of intraday sell order shares shall NOT be blocked from your demat account instead only the applicable margin percentage shall be blocked from the available buying power.
What is the Margin requirement for placing Intraday Orders?
Margin requirement varies for different securities, and the details of the same is available in Customer Care site under the option “Essential Information – Margin Scrips”.
What happens after I close my Intraday positions?
When you close the said Intraday position by placing an opposite order then the realized profit and or loss on the closed positions shall be adjusted with the buying power, further margins shall be added back to your buying power.
Can I place intraday orders for all the scrips?
No. Scrips enabled for Intraday trade in available in Customer Care site under the option “Essential Information – Margin Scrips”.
Is there any cut off time for placing intraday orders?
Shares bought under intraday can be converted to Delivery or BTST before the cut off time. Cut off time for converting intraday order is 3.10pm.