What is the difference between Futures and Intraday Futures?

My Portfolio:

Advantage AxisDirect

Futures	Intraday Futures
1. Blocks margin amount.	1. Blocks lesser margin than Futures.
2. Position can be carried forward till the expiry of the contract.	2. Position cannot be carried forward till expiary of the contract.
3. Square off can be on or before expiry of the contract.	3. Square off has to be done on the same day
	4. Can be converted to Futures.

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