General

What happens to my intraday position if the stock nearing circuit limits?

Circuits are calculated based on the previous day closing price and have different impact on different positions.

Sell Position:

a. For a stock with 20% circuit filter all the Intraday sell positions will be automatically squared off if the price rises by 16% or a percentage set by I-Sec in the event of any market volatility.

b. For a stock with 10% circuit filter all the Intraday sell positions will be automatically squared off if the price rises by 7% or a percentage set by I-Sec in the event of any market volatility

c. This applies for both F&O and Non-F&O stocks.

Buy Position:

a. For a stock with 20% circuit filter all the Intraday buy positions will be automatically squared off if the price falls by 16% or a percentage set by I-Sec in the event of any market volatility.

b. For a stock with 10% circuit filter all the Intraday buy positions will be automatically squared off if the price falls by 7% or a percentage set by I-Sec in the event of any market volatility.

c. This applies for both F&O and Non-F&O stocks.

Buy position will have no effect during an upper circuit & similarly sell position will have no effect during a lower circuit.

These percentages are set to safeguard customer from losses, that may occur due unavailability of buyer or seller in the market because of circuits.