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Cutoff time, margin shortfall, aur us waqt ka fill
Published by The Retail Trader · JUL 29, 2026 · Order Flow
Intraday position agar aap khud band nahi karte to broker karta hai. Wo do wajahon se hota hai — cutoff time aa gaya, ya margin kam pad gayi. Dono mein fill aapke control mein nahi hota.
Time based square off ek fixed schedule par hota hai, aur har broker ka time thoda alag ho sakta hai. Wo exchange ka rule nahi, broker ka risk rule hai.
Margin based square off tab hota hai jab loss badhne se available margin required se kam ho jaaye. Wo kabhi bhi ho sakta hai, aur wo intezaar nahi karta.
Auto square off ka fill aksar bura hota hai:
• Wo market order hota hai, isliye slippage poori lagti hai.
• Cutoff ke aas paas bahut saare accounts ek saath square off hote hain.
• Kuch brokers iske liye alag charge bhi lagate hain.
• Illiquid contract mein wo fill bahut door mil sakta hai.
Position khud band karna hamesha sasta hota hai, chahe wo loss mein hi kyun na ho. Broker ke square off ka intezaar karna ek ummeed hai ki aakhri minute mein kuch badal jaayega — aur us ummeed ka daam har baar slippage mein chukta hai.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.