Hi, If i buy Dec Futures with MIS option at 9 30 AM for 1,00,000 and towards the end of the day, it reduced to 80,000 and then i try to convert to NRML. In this process of conversion, will the broker deduct 20,000 as the Futures reduced in price before converting to 80,000 NRML(assuming i have sufficient funds).
Can someone clarify this…
Thanks in Advance
When you are trading, profit or loss is only realised when you square-off your position, converting your position from MIS to NRML does not square-off your position, so your unrealised profit or loss will remain as is.
Also, you should know Futures are marked-to-market, means any profit or loss you make is settled on same day and will be credited to / debited from your account balance, you can learn more about this here:
So there is no extra charge and brokerage if convert mis to nrml or vice versa in any segment??? @ShubhS9 @siva
Fno it doesn’t matter, same brokerage for intra or not. For equity we just see at end of the day if there is any intra trade if there then is it is considered as intra trade irrespective of product type used and accordingly brokerage will be charged.