I was checking the Nifty’s value around 3:22 PM today and noticed that it was a few points above 10550.
Upon checking 10550 CE (for 2nd July) price, I noticed that was trading at less than 1Rs
Thinking that I could profit from this difference, I bought some of those Call options
Then at 3:29 PM, I noticed Nifty was above 10560 but the Call options prices were still trading at less than 2Rs
Thinking that I could profit more, I bought even more of those call options
After that, when the market closed at 3:30 PM, Nifty closed at 10562 (screenshot attached below)
Initially, I thought that I had made a profit but after a few minutes past 3:30 PM, Nifty’s value changed to 10551.7
The thing that puzzled me was that even the chart in Kite shows the closing at 10562 (screenshot attached below). I mainly wanted to ask why after 3:30 PM, the value of Nifty got reduced by 10.3 points?
I am new to this, so I think there is certainly an explanation for this phenomena