Ok got it… But LTP and intrinsic has any price difference or it’s already calculated before closing. that’s what i want to know … like yesterday 18300 ce LTP and intrinsic almost identical 43.8 and 43.9 …
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LTP is driven by supply and demand, so it’ll vary a bit from intrinsic value.
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Thanks for the info 
Index option settled by closing price or ltp or intrinsic value
ITM index options are settled at intrinsic value, while OTM options will expire worthless.
Then what is d value of closing price and ltp it is useless
Today Banknifty’s LTP is 43629 but the closing price is showing 43596. I held the 436000 CE till expiry thinking that it went ITM but looking at the closing price [later] it looks OTM.
Can we have some way to know the ongoing closing price in real-time before market closes? It could have saved me Rs. 1800 today.
The final closing price for the day is the weighted average price of the last 30 minutes of trading. You can use Anchored VWAP indicator available on ChartIQ charts, this should give you can idea.
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Sir if i sell nifty option & it expires at 0 I am unable to exit at 3:30 what happend
With reference to your query, your short-option position will be closed in exchange and the premium received is your profit.
On the expiry day, if the positions were not closed from our end, all the open positions will be settled and closed in the exchange.
Sir muze koi penelaty & charges to nahi lagenge na
There is no penalty or additional charges for letting your position expire 
Sir if i sell banknifty option & it expires at 0 I am unable to exit at 3:30 what happend
If the option is OTM, it’ll expire worthless. There is no penalty for letting your position expire.
Sir bank nifty mai koi penalty to nahi lagegi na
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No penalty for Banknifty
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Can you elaborate on your query?
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