Why does the LTP for F&O contracts change in the positions page before the market opens?
Both the LTP (last traded price) and closing price during the last trading hours are different from one another. The LTP is the actual last traded price, whereas the closing price is the weighted average price of the last 30 minutes of the trading day. The settlement price and closing price are the same for liquid contracts.
The settlement price is updated in the place of the last traded price once the Bhav Copy, i.e. the daily report consisting of the traded value, Open High Low Close (OHLC) data, quantity, OI, etc is received from the NSE. The report comes in between 6:30 am and 7 am the next morning. It’s because of this reason that the LTP changes for F&O contracts to a settlement price.
In the case of illiquid contracts, if the trades have not happened in the last 30 minutes, then the exchange will offer a theoretical settlement price which will be reflected in the place of LTP.
Why is there a mismatch of profit and loss and the quantity of my open positions on InstaTrade and the Neo App/Web?
When I have squared off my positions, why are they still reflecting as an open positions on InstaTrade?
Why was the InstaTrade square-off order rejected?
If I modify or cancel my InstaTrade orders from the Neo App/Web, will it update on InstaTrade as well?