Auto sqare off in intraday

[Siba_Prasad_Sahu]

Lets say i have 15k in my account so margin available is 15k
For bank nifty margin requirement is 13k and market price is 27381 and lot size is 40 for cover order type.Now i am going to buy this banknifty but in kite user manual it says for MIS product auto sqare off done when MTM loss is 50% of margin. So at which point my position will be auto sqared off??
1.When MTM loses is 6.5k(50% margin requriment)
2.When MTM lose is 7.5k(50% margin availble)
Please help me i am new to stock market…

[newguy]

Will zerodha autosquare off open positions if loss is more than the amount in account?

Title says it all but if I am doing intraday or cnc trade will zerodha close any positions which is having more loss than what the client has in his account?

I asked similar question sometime ago, maybe this will help.

[Siba_Prasad_Sahu]

@Siba_Prasad_Sahu

Lets say i have 15k in my account so margin available is 15k

For bank nifty margin requirement is 13k and market price is 27381 and lot size is 40 for cover order type.Now i am going to buy this banknifty but in kite user manual it says for MIS product auto sqare off done when MTM loss is 50% of margin. So at which point my position will be auto sqared off??

1.When MTM loses is 6.5k(50% margin requriment)

2.When MTM lose is 7.5k(50% margin availble)

Please help me i am new to stock market…

After buying at 13k my available is 2k .If MTM loses is 1k(as 50% of availble margin) so my position will be auto squared of .Am i right.