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

[Livya]

We do intraday analysis to close on same day, if we don’t close the position it takes the overnight risk

[Manikandan]

yes. to avoid over risk to accumulate stocks in demat account if price falls.

[Hema]

It’s not mandate to close, however in order to gain on price difference we close on the same day

[RAVIKUMAR]

It is necessary to close the position on same day before settlement or leads to auction and penalty

[aaliya anjum]

It is mandatory. we have to close the intraday position on the same day to avoid overnight risk or we are subjected to penalty.

[Author]

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