What is Intraday Position in Product Type?

Intraday Position refers to buy and sell trades that are executed and squared off on the same trading day, without taking actual delivery of shares.

Key Points:

• All intraday trades must be closed (squared off) before the market closes.
• If not squared off manually, the broker may automatically square off the position between i.e. between 03:15 PM and market closing time.
• Since the position is not carried forward, no shares are delivered to or from the demat account.