Yes, you can place Stop Loss (SL) orders or bracket orders to automatically limit losses or book profits. These are highly recommended for intraday trading due to market volatility.

Yes, if an intraday position results in short margin or fails to square off due to insufficient funds, penalties or interest charges may apply as per exchange norms.

Auto square-off usually starts around 3:15 PM. However, this can vary depending on market conditions or internal risk policies. It’s advisable to close positions before 3:10 PM.