Comment on Introducing the Varsity mobile app
commented on
30 Mar 2022, 06:45 PM
While going through varsity quiz I have a query on a question.
Q-At 11:30 AM, the trader shorts ICICI Bank futures at 383, the stock closes at 379 for the day and opens at 385 the next day. What is his M2M P&L?
App shows this, A profit of Rs.4/-, as a correct answer
But
Day 1 383-379 = 4 profit
Day 2 379-385= 6 loss
Loss of 2?