Out of everything , scalping only working for me. Long trades first search and hit my stop loss before reaching my target. Or may as this week particularly trading in low range with low vix.
@soft_trader bhai yesterday USDINR may future high was 69.8725 and last price was 69.84. but as per finvasia contract note my short position covered at 69.8805 . why ?
On expiry day, all the outstanding positions are settled as per the settlement price of that day.
Now, earlier this settlement price was determined my RBI directly. But later RBI transferred this obligation to FBIL (Financial Benchmarks India Ltd). Everyday in a given window between 11:30 - 12:30 hrs, FBIL collects data from different major banks, to calculate this rate. The rate is published everyday at 1:30pm.