HSL Mobile App Frequently Asked Questions
What is derivatives intraday product?
It allows you to create an intraday position on equity derivatives contract and the same needs to be squared off before end of the day
Is it available for both Future and Option contact?
No. It is only available on Index futures contract, part of Nifty50 for near month expiry.
By what time one needs to square off the position under derivatives intraday product?
One need to square up all the open position by 3:00 PM. Post that HDFC Securities will square up the open positions, if any.
Can I create a position against the collateral under derivatives intraday product?
Yes. One can create a position in derivatives intraday product against the collateral.
Can I place a limit order under derivatives intraday product?
Yes. One can place a limit as well as market order under intraday product.
Is it mandatory to place a stop loss order while creating a position?
No. Stop loss is not required under derivatives intraday product unlike cover product.
Can one convert intraday position to Margin position?
Yes. One can convert intraday position to margin position after brining necessary margin as per the requirement.
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