Intraday trading involves leverage (funded by the broker) and therefore these positions carry high risk. Thus, a broker can restrict intraday transactions in certain stocks. Intraday orders can be blocked if the stock is an illiquid stock and the risk of not being able to exit a position is high. This can result in short deliveries, in some cases.
Reason for intraday orders being blocked is:
Market volatility / Low liquidity or volume
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