Can I setoff mts loss in fno profit to save tax?

Greetings,
I recently bought few mutual funds which is currently giving me loss, the question is, can I book that loss and use it to setoff my F&O Profits to save some tax?

@Ashutosh_Mishra
Not allowed

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@CA_Anand_Thakor along with such responses,
it would be useful to mention the “why” (and provide any relevant keywords and references, eg. releavnt section of IT-Act).

That way, it is clear exactly why one cannot avail certain exemptions,
and in future what one can do to qualify for the same.
Also enabling interested folks to search the relevant keywords and find out more.

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