As much as I know MTM is calculated in Futures on daily basis. I have a question (confusion) regarding this.
Say I buy nifty at 10622 and in the day it goes down to 10567 but I don’t close my position and carry forward to next day. Next day it touches 10633 and I close at 10633.
So what will be my actual P/L on second day? Will I be making profit of 825 (before taxes+brokrage) or make an overall loss of about Rs. 3000 (4000 loss on previous day + gain of 825 on second day).
Thanks in advance 