Margin Intraday Square off the order as the name suggests is an intraday order type. This order type is to buy and sell the stocks within a single day.  When you buy a stock using an MIS order, you are supposed to square off your position on the same day, if you fail to do so, your position will be squared off automatically by our team.  The automatic square off for Equity, F&O & Currency happens 15 minutes before the market is closed and for Commodity Derivatives Segment, the square off happens 30 minutes before the market close. (This auto square off timing is subject to RMS Policy).