What happens if I partially exit a Protected position on Punch?

Sometimes you may want to book partial profits or reduce your exposure without closing the entire position. Punch handles this smoothly — your protection stays intact for whatever quantity remains.

How It Works

Let us say you have a protected position of 5 lots with a stop-loss and target set. If you decide to exit 2 lots manually, Punch will automatically update the protection to cover the remaining 3 lots. You do not need to cancel and re-apply the stop-loss or target yourself.

Example

• Original position: 5 lots of Nifty futures, protected with SL at 22,000 and target at 22,500

• You exit: 2 lots manually

• Result: Protection now applies to the remaining 3 lots at the same SL and target levels

Things to Note

• The stop-loss and target prices remain the same — only the quantity is reduced.

• This adjustment happens instantly and automatically.

• You can continue to partially exit further, and the protection will keep adjusting.