If you sell shares short in a company and on the same day buy them back, then that is considered an intraday trade. However, the gain you make in this transaction is simply a short term profit and confers no special benefits because it was made on an intraday transaction.

i have positional long on stock feature @Rs.100. Today seeing reversal in trend, i short it in the morning at 95 and cover it in the eavening @ 80, will i be eligible for intraday profit