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

What happens if my intraday F&O positions aren't closed by end of day?

If you don’t square off your intraday F&O, Currency, or Commodity positions before the market closes, FYERS' Risk Management System (RMS) will intervene. Understanding how this works helps you avoid unwanted carryforwards, margin calls, or forced exits.

Auto Square-off by FYERS RMS

FYERS initiates the auto square-off process approximately 15 minutes before market close. This applies to intraday positions across:

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

The default auto square-off window is:

  • Equity & F&O: From 3:15 PM onwards
  • Currency & Commodity: Timings may vary depending on the segment

Important: Square-off Timing Flexibility

The RMS team may adjust square-off timings based on live risk conditions, market volatility, or client exposure. Clients are advised not to wait until the last minute to exit intraday positions.

What If My Positions Aren’t Squared Off?

Sometimes, positions remain open at the end of the day due to issues such as:

  • Internet or platform glitches
  • Circuit limits hit on a specific stock or contract
  • Technical errors at the exchange

In such cases, FYERS will handle the position as follows:

  • Equity Intraday Positions: Converted to CNC (Cash and Carry) delivery
  • F&O, Currency, Commodity Positions: Converted to carry-forward Margin positions

Who Is Responsible for Carryforward Risk?

You are. If your position is carried forward, it’s your responsibility to ensure that sufficient margins are maintained. Otherwise:

  • FYERS may send a margin shortfall alert
  • If no funds are added, FYERS' RMS 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 tradeFYERS RMS will attempt to square it off automatically.
The square-off fails due to market limitYour position may be carried forward as a margin position.
I don’t have funds for the carried positionRMS can liquidate the position the next day without warning.
I lose internet access during square-off windowUse the FYERS Call & Trade desk before 3:10 PM to close positions.
Tip: Set alerts on your FYERS platform to remind you before the square-off window. This helps avoid forced carryforwards.

Last updated: 24 Jun 2025