What is Intraday Trading?
Intraday trading is the process of buying and selling stocks within the same day without any actual delivery of shares in the Demat account of the buyer. Such stocks/shares are purchased not with the intent of investment but to earn profits by leveraging the stock indices movements occurring due to market fluctuations. The fact that distinguishes a regular trade from an intra-day trade is related to the delivery of the stocks. In intraday trading, a trader could square off his position on the same day, and the sell order cancels out your buy order causing no actual change in the ownership of the shares. And in the case of a regular trade, a transaction is completed over a few days, and the buyer receives delivery of the shares you purchased, while the shares sold are debited from his demat a/c.

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https://bigul.co/blog/all-about-intra-day-trading/

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