Handling Intraday F&O Positions at FYERS: What to Expect

What happens if I don’t square off my intraday F&O, currency, or commodity positions before market close?

If you don’t manually close your intraday F&O, currency, or commodity positions before the market closes, FYERS’ Risk Management System (RMS) will intervene to manage overnight risk and margin exposure. Understanding this process helps you avoid unwanted carry-forwards or forced liquidations.

Auto Square-off by FYERS RMS

FYERS initiates the auto square-off process approximately 15 minutes before market close for open intraday positions across:

  • Equity
  • Futures & Options (F&O)
  • Currency Derivatives
  • Commodity Derivatives

Typical square-off start times:

  • Equity & F&O: From 3:15 PM onwards
  • Currency & Commodity: Timings vary by exchange segment

Important: Square-off Timing Flexibility

The RMS team may adjust square-off timings based on live risk conditions, market volatility, or client exposure. It’s advisable not to wait until the last few minutes to exit positions.

If Positions Aren’t Squared Off

If positions remain open at the end of the day, FYERS will handle them as follows:

  • Equity intraday positions: Converted to CNC (Cash and Carry) delivery.
  • F&O / Currency / Commodity positions: Converted to carry-forward margin positions subject to margin requirements.

Responsibility for Carry-forward Risk

Once a position is carried forward, you must maintain adequate margin. Otherwise:

  • Our RMS team may send a margin shortfall alert.
  • If funds are not added, our RMS team may square off your position without prior notice.

For full details, refer to FYERS’ official margin policy.

What If...

ScenarioOutcome
I forget to exit an intraday F&O tradeOur RMS team will attempt to automatically square off your position before the market closes.
The stock or contract hits its upper or lower circuit limitWhen a stock or contract is frozen at a circuit limit, new trades aren’t allowed, so our RMS team cannot square it off. The position will remain open and be carried forward as a margin trade, requiring sufficient funds to hold it overnight.
I don’t have enough funds for the carried positionOur RMS team may liquidate the position the next trading day without prior notice if the margin shortfall continues.
I lose internet access during the square-off windowContact our Call & Trade desk before 3:15 PM to close your positions manually. If you face issues, reach out to our support team for assistance.
Important: FYERS may square off positions without prior notice if margin requirements are not met after carry-forward. Always monitor available margin and fund balance.
Tip: Set alerts on your FYERS platform to remind you before the square-off window. This prevents accidental carry-forwards and margin penalties.

Last updated: 03 Nov 2025