You can utilize leverage to enter into buy sell transactions using an intraday (MIS/CO) order (up to 5 times the money in your account). Buy transactions for more money than you have in your account, and sell/short trades in which you can sell a stock without keeping it in your Demat account. Intraday deals, on the other hand, must be squared off by you on the same day. If you do not square off an intraday position, our system will try to exit it on your behalf according to the timings, which are usually around 3.20 pm every day.
However, in addition to the danger of losing money owing to leverage, every time you trade utilizing S/CO, you run the chance of not being able to square off your positions due to the stock hitting either the upper or lower circuit. On trades placed with leverage, you could wind up with a large overnight and auction risk.

If you have an open sell intraday trade and the stock hits the upper circuit, you will lose money.
If a stock reaches the upper circuit price, there will be no sellers and just buyers. As a result, you won't be able to buy back the stock you sold for intraday trading. As a result, this intraday transaction will become a delivery trade.
This stock will be transferred to the exchange if it was in your Demat account by chance. You'll wind up short delivering or defaulting on the sell trade if you don't have the shares. On T +3 (Deal date +3), the exchanges hold an auction to buy the shares on your behalf and deliver them to the buyer of your sell trade. Depending on the price at which the exchange resolves the trade, this could result in an auction penalty. Additionally, until the auction is completed, 120 % of the closing price on the date of the sell trade will be blocked in your account with the narration "Short delivery margin blocked for sale of scrip name."

If you have an open buy intraday position and the stock falls below the lower circuit, you will lose money.
If a stock reaches the lower circuit, there will be no buyers and only sellers. As a result, you won't be able to sell the shares you bought for intraday trading.
This stock will be delivered to your Demat account if you have sufficient funds in your trading account by the next trading day. If you do not have the required funds, our risk management system will sell the stock on the next trading day to the extent that you do not have money.