Auto square-off query?

I have taken 400 buy and 400 sell position when Nifty is at 6700,

I buy 200 qty of 6850 CE

I buy 200 qty of 6550 PE

I sell 200 qty of 7000 CE

I sell 200 qty of 6400 PE

Suppose after one or two days after taking my above mentioned positions Nifty future hits upper or lower circuit then will my positions be squared off automatically by my broker or I will get benefit bcoz i have also buy positions.

Nandu,

This is a tricky situation and rules followed might vary based on your brokers risk management team.

At Zerodha, we are pretty lenient for positions like the above, and as long as the losses are not significantly more than the profits being made, the positions will remain.

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