Your MIS positions will be Squared Off in three scenarios, whichever is earlier:
- If the net unrealised loss on your overall MIS position breaches the cut-off value;
- If the positions have not been squared off by 3:20 p.m. in case of Equities, 4:40 p.m. in case of currency & 30 minutes prior to market close in case of commodities, then the MIS positions will get auto squared off except in index option on expiry days
- If the cut-off value is less than or equal to ‘0’.
All pending (Open) MIS orders would also get auto canceled before squaring off the positions.