experts here please help me,i like to know about futures,your help will be very thankful
For ex
If i buy 1 lot(100shares) of a 10 rs share say at (10*100)1000 rs and the next day the shares moves up by 10 rs so at the end of the day my profit is
10*100=1000
and day 2 share falls by 15
so 15*100=-1500
so are these amounts(profits and loses debited from my account at the end of the day itself in my account im using icici direct acount .
and what happens at the end of contract expiration on last Thursday
what ever is the price of the stock lets say in this case say 12
so 12*100=1200 will be credited in my account.???
please help me.
For ex
If i buy 1 lot(100shares) of a 10 rs share say at (10*100)1000 rs and the next day the shares moves up by 10 rs so at the end of the day my profit is
10*100=1000
and day 2 share falls by 15
so 15*100=-1500
so are these amounts(profits and loses debited from my account at the end of the day itself in my account im using icici direct acount .
and what happens at the end of contract expiration on last Thursday
what ever is the price of the stock lets say in this case say 12
so 12*100=1200 will be credited in my account.???
please help me.