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

[goodwinbritto]

intraday trading where the transaction and settlement to be done on the same day.it helps the investor interms attaining his expectation with minimum risk. and it is not mandatory to go with intraday. according to the convenience it may also change as a positional trade

[davidrajan]

The intraday is to be closed on the same day so as to minimize the rist of uncertainity

[Vinoth Kumar]

The Intraday happens in the SPOT market and the settlement happens in the same day. Hence it is mandatory to close  on the same day to avoid Penalty.

[gorantla.vinod]

Yes. because decision is taken only for today and next day trend may be different

[kanakaraj]

In intraday the settlement is done on the same day.

The intraday can be changed to position trade as per the convenience.

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