Hi,
Auto square offs still happen at 3.10pm for equity, nothing has changed...
For futures, we still start the square offs only by 3.10pm..Between 3 to 3.10pm, we don't let the clients to take futures on intraday margin levels... Futures are leveraged inherently, leveraging on an already leveraged position can cause situations to both brokers and the clients...
Nifty futures normally has 10 times margin, which you can use till 3.30pm... If we let you trade with 12-13k, leverage becomes almost 27 times...This has been done with collective interest of all our clients..
Cheers...