Market is about to closed. NSE and Google are showing Maruti share price 11456 while kite is showing 11500. Contrary, candle chart is showing the correct price. (see sreenshot attached). Why so?
The final closing price of the day is the weighted average price of the last 30 minutes of trading, this is updated on Kite a few minutes after the market close. The price you are seeing on the NSE website and Google Finance is LTP (Last Traded Price).
You can read more on this in our support article:
@Meher_Smaran Thanks. I found it little confusing so please explain in even more simpilar words.
What is the formula to calculate the avg trading cost for last 30 min?
- Which price is more accurate Zerodha’s or NSE?
- For say its a day of Expiry so at what price Maruti will expire 11500 or 11456? ie the 11500 CE will be considered as ITM or OTM
Thanks
Both are one and the same. Zerodha’s closing price calculation is as per the the NSE’s closing and settlement mechanism.
https://www.nseindia.com/products-services/equity-derivatives-settlement-price
The closing price is the final price that should matter as LTP can be manipulated by last-minute unusual bids. In this case, 11500 will be the closing price, and 11500 CE, if it is at 11500 exactly will be an At The Money (ATM) contract
Thanks
then how can one get to know whether it is OTM or ITM based on the CMP ??
In the above case the closing price is more than 50 rs than LTP.
Is there any mechanism to know the closing price so one can square off the position to avoid the physical settlement of scrip, if expiring ITM?
Thanks