How To Do Square Off By Motilal Oswal?

Last Updated: Mar 19, 2024 Value Broking 2 Mins 2.3K

If you hold an account with Motilal Oswal and intend to close a position, you can follow the below steps

Step 1 Log In Initiate the process by signing into your Motilal Oswal trading account using your designated username and password.

Step 2 Access the Trading Platform Subsequently, access the trading interface provided by Motilal Oswal. This interface is typically accessible through their official website or a mobile application.

Step 3 Identify Your Existing Position: Within the trading platform, pinpoint and recognize the open position that you wish to conclude. This could pertain to various financial instruments such as stocks, futures contracts, or options contracts.

Step 4 Choose Square Offor Exit: Normally, there will be an option available to square off or exit your position. This selection is typically situated near your active positions or within the section dedicated to order placement.

Step 5 Specify the Quantity: Enter the quantity or the number of contracts you intend to close. You have the flexibility to either terminate the entire position or only a portion of it.

Step 6 Review Order Particulars: Exercise caution by carefully examining the details of the order. This involves confirming the security in question, the quantity involved, and the type of order. Ensure the accuracy of all these elements before proceeding.

Step 7 Execute the Order: Once you are content with the order specifications, proceed to confirm and execute the square-off order. This order will be carried out at the prevailing market price.

Step 8 Confirmation: Subsequent to the placement of the square-off order, you should receive a confirmation notification verifying that the order has been successfully initiated. Additionally, you can closely monitor the order’s execution status through the trading platform.

Step 9 Supervise the Execution Process: Keep a vigilant watch on the execution of your square-off order. Typically, such orders are executed promptly, often at the current market price.