Why do we need to close the intraday position on the same day? Is it mandate?

[soniya]

Intraday position is entered based on intraday analysis. Hence it should be closed on the same day.It is mandatory to exit short position intraday or else will be penalised. If we had bought shares and analysis reveals that reward is more than risk then we can take delivery of shares

[Sumathi.T]

Intra day position is based on intra day analysis.It settles the long position in the same day.

Yes, we need to close the intra day position on same day to avoid penalties.

[Shalini.s]

Inorder to avoid penalties, it is mandatory to close the intraday postion

[vaishali]

it is mandatory and to avoid penalities we need to close intraday trade at same day

[Anish]

Yes. It is mandatory to close the intraday position on the same day.

[Author]

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