Hi
I have a query here. I want you guys opinion in this matter.
I had one lot of Nifty 5100 ce dec series unsold at the time of expiry. So I believe naturally it goes for exercise assignment. I bought this call for 94 and closing nifty was 5201. So it must be excercised at 101. I thought I would be in profit. But to my surprise I was in loss. Apart from 70Rs brokerage I was charged for Rs325.07 of STT. All other NIFTY contracts I sold before expiry was charged lest than 1 or 2 rs per lot. But this one particularly charged at325.07 Rs. So guys please advice, whether this is correct procedure? if so how to avoid this in future? Is it by selling (or buying) before expiry? My broker is SHAREKHAN. Is this high STT charges are same with all other brokers? (Plesae confirm this with your brokers and comment here. I will appreciate that)
regards
rajesh
I have a query here. I want you guys opinion in this matter.
I had one lot of Nifty 5100 ce dec series unsold at the time of expiry. So I believe naturally it goes for exercise assignment. I bought this call for 94 and closing nifty was 5201. So it must be excercised at 101. I thought I would be in profit. But to my surprise I was in loss. Apart from 70Rs brokerage I was charged for Rs325.07 of STT. All other NIFTY contracts I sold before expiry was charged lest than 1 or 2 rs per lot. But this one particularly charged at325.07 Rs. So guys please advice, whether this is correct procedure? if so how to avoid this in future? Is it by selling (or buying) before expiry? My broker is SHAREKHAN. Is this high STT charges are same with all other brokers? (Plesae confirm this with your brokers and comment here. I will appreciate that)
regards
rajesh