Do I have option to square off my open position directly from Net Position report?
Yes, select the scrip from the Net Position you wish to square-off , reverse order form will open make required changes like quantity & price and confirm the order.
Is there any timeline for squaring off my open position?
For intraday position square off is allowed till 3.15 pm after which system automatically square off intraday position
For delivery position there is no restriction and is allowed till 3.30 pm