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

[nishat Parveen]

Yes it is mandatory to have intra day position on the same day to have deal n settlement in the same day depending upon short or long position

[Jayalakshmi. j]

Intra day position should be closed on same day since the market sentiment and trend change the next day if a short position is created in intra day and if it is not closed then the traders is subject for a penalty.

[gogula]

Its mandatory to close intraday short position.

Since we don’t use the conventionak analysis.

Method in intraday trading its wise ti settle the long position in the same day.

[Punitha]

<p style=”border: 0px; margin: 0px 0px 16px; padding: 0px; vertical-align: baseline; font-size: 12px; line-height: 22px; color: #000000; font-family: Verdana, Arial, sans-serif; background-image: initial; background-attachment: initial; background-size: initial; background-origin: initial; background-clip: initial; background-position: initial; background-repeat: initial;”>Intraday trading as the name suggests refers to the trading system where you have to square-off your trade on the same day.Squaring off the trade means that you have to do the buy and sell or sell and buy transaction on the same day before the market close.Intraday Trading is also referred to as Day trading by many traders.</p>
 

[Nivedha Kannan]

Yes, it is mandatory to close the intraday position on the same day.. It should be closed mainly due to avoid penalties..

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