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

[prprasad]

If we are going for short it is mandate to cover within the day.

If we are going for long it is not mandate to unwinding within a day,we can take position.

[Venkatesh PG]

Intraday position have to closed on the same day if it is short position as the settlement takes place on the same day while for a long position it is not mandatory, Position can be held.

[PRATEEK GUPTA]

Yes for intraday whether it is long or short, we need to close the trade before closing otherwise penalty will be given

[kalidasan]

In the case of ” long” we can go for positional trading , but in the case of “short ”  we must close on that day itself, otherwise ,T+2 will affect us. it is mandatory.

[vishal]

Yes we have to close the intraday trade with in a day other wise we have to pay penalty.

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