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

[vinitha]

Yes it is mandatory to close intraday position on same day in order to avoid penalties or over night risk.

[swaroopa]

We need to close the session on the same day while we do intraday position, otherwise we need to pay the penalty.

[vinod divakaran]

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

[SUNIL]

Intraday position need to closed same day as it calls for penalty and to avoid overnight risk

[PEBAM DEEPAK]

It is not mandatory, but it is advisable not to hold due to overnight risk

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