Some news channels like CNBC are saying that traders will have to provide Var+elm for intraday trades for cash segment.But, sebi circular states that penalty will start from Dec 1.
What is the current status?
Irrespective of leverages, you will be able to use money from selling shares only on T+2 day. So intraday will become impossible if you want to do 1+ trades and put all of your capital in one trade at a time