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It is not mandatory to close the position, but since we make the buy-sell decision based on the intraday charts and not on the historic data, it is advisable to close the trade on a day-today basis.
“Yes” it is mandatory when we say intraday the position has to be closed latest by 3.15pm to be on the safer side (same day) this is done on Day 2Day basis.
Secondly the broker has to book the profit & loss for the day.
it is advisable to close intraday position on the same day, as intra day follows the market sentiment and other factors on the particular day and we end up accumaltion nom performing stocks
it is mandatory to cover the shot Position in intraday but long position is not mandatory to be coverd if you have the money to have the stocks but it is good to cover intraday position on the same day to reduce risk
You have to choose right in the beginig of your trade, if you are opting for intraday trading or positional trading. If you have chosen intraday, your position will be ‘squared’ off at the end of the day.
But t is not mandatory, you can convert your intraday holdings to a positional trade, by, if you opt for it later during your trade.
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