For Example I buy 100 shares for Delivery Based, I sold the same day. So after selling the profit/loss, will it reflect in my account. I am asking this question as i have a doubt, whether can i use my money the next day for again buying shares or it will be locked for 2-3 days.
The profit/loss will reflect immediately in your trading account and you can utilize that money for trading either the same or on the days thereafter. But, if you wish to place a withdrawal request on the same for the profit gained then it not possible as the intraday settlement process for intraday transactions is T+1 day.