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

[Arunkumar.B]

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

[JOHN]

It is INTRADAY position. So everything must be squared off within the same day. Or else penalties will be levied by SEBI.

[Sri Raghava Chakravarthy.S]

Intraday positions are taken considering the factors that give us a overview about the particular day. So it has to be closed on the same day.

And in the case of short position on same day, it is mandate because if it is not closed the SEBI levies some penalties.

[Sreeram Chellappa M A]

Yes it is Mandatory to close on the same day, else penalty will be levied.

[Arun Kumar]

We need to close the intraday long position to avoid the risk of price fall in the non trading hours till the next trading day.

There is no rule to close an intraday long position. But an intraday short position should be closed within the day’s trading hours. If it is not done, we will be levied a penalty.

[Author]

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