I have buy(NRML) 1 lot of Alumini for june contract @122.60 on 9 june17. but Zerodha debit rs1350 on 12 june17. can you please explain how do we calculate this. Also im buying this as per NRML method why amount has debited from my account? coz Expiry of june contract is on 30 june 17.
Please explain my doubts in detail.
Suggest you to go through futures module on Varsity.
When you take a futures position, there is concept of marked to market. From your buying/selling price to closing price of the contract for the day, if there is a profit it gets credited to your account, if loss debited. This happens daily. So if you bought this yesterday, based on yesterdays closing price, any P&L gets credited/debited. IF assuming you don’t trade today, and continue holding, yesterdays closing price to todays closing price, any P&L gets credited/debited.
Do go through the module.
2 Likes
Thanks for info