What happens when it’s an Intraday trading? To understand Intraday trading better, here's an example:
On 1st July:
Order Placed - 1
Order: Quantity = 75 | Price = ₹10,000.00
Total value = 75*10,100 = ₹ 7,57,500.00 | Average Price: ₹10,000.00
On 5th July:
Orders Placed - 2
1st Order : Quantity = 75 , Sell Order | Price = ₹ 10,150.00
2nd Order : Quantity = 75 , Purchase Order | Price = ₹ 10,200.00
Here's what the numbers above mean:
The same quantity was sold at ₹10,150 on 5th July and was bought again at ₹10,200 on the same day. Hence, this trade that took place on 5th July will be considered as an Intraday trade and will be visible in Positions.
Since, Intraday trades are not considered in the calculation of average price, the average price remains as it was on 1st July (₹ 10,100).