What in case if I did not sell shares with Zerodha in intraday Trading?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

While trading in an intra-day segment of equity, you can keep the position open until 3:20 PM. If you failed to square off your positions by 3:20 PM, the trading platform automatically square-off your open positions. This process square-off your open intra-day positions at market price to settle the transition.

Zerodha charges an additional Rs 50 fees for all 'Auto Squared' trades. This fee is to encourage customers to square-off their open positions by themselves on time so that it doesn't put the load on the system in the last few minutes.

Topic: Zerodha FAQs (Frequently Asked Questions) Article

1 Comments

1. Ravi

| Link|February 28, 2024 3:27:54 PMReply

I don't think Zeorodha squares off the position at the market price. I have seen it square off at much lower/higher prices than what's in the market. Either we have a lagging Zerodha terminal or there's something else, I am not sure. But what I am sure is that it's definitely not the market price.

1.1. Some Samaritan

| Link|November 19, 2024 11:41:22 AM

What do you mean?
Even if you set the lowest limit price, stocks are only traded at the market price set by the exchange.

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