your squareoff time preponed to 3.00 p.m now?
Between 3pm to 3.10 pm...
We are contemplating of a new system for intraday and f&o...
Similar to how it works on equity, MIS for intraday and CNC for delivery....
All MIS positions gets autosquared off at the preset time, presently 3.10 pm....
We plan to introduce the same for f&o after getting a feedback from all traders...
Intraday f&o has to be done using MIS and overnight using NRML ....
Positive:1. Positive for on our risk management system.
2. We can keep intraday square offs for as late as 3.20 -3.25pm...
3. The issue of double square offs that happens once a while won't happen.. U square off and our system square offs at the same instant...
Negative: 1. Trader will have to keep the product type in consideration. If bought in MIS has to sell in MIS and bought in NRML sell it in NRML....
Do let us know what you all think....