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

[Nikhath]

The exchange makes the settlement on the same day after 3.30 pm, so its mandatory to close the intraday position on the same day.

[Vijayakumar]

Analysis used for intraday does work for positional trade.

[Ganesh]

If the trader don’t like to take delivery of the stock then he should close the intraday position otherwise trader can buy the stock and create long position.

[usha muthukumar]

It is mandatory for short positions to buy back before 3.30P.M

[vivekanand]

Valid only for one day. It is mandate.

[Author]

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