Difference between intraday trading and positional trading
The way stock delivery is taken is the only thing that differentiates a regular/positional trade from intraday trade. Intraday trading requires squaring-off your orders or positions on the same trading day. Thus, you sell order counterbalances your buy order. By so doing, transferring share ownership is impossible. While regular trade takes more than one day to settle. Thus, the shares purchasedis delivered whereas the shares sold is transferred from your demat account.