How is buy average calculated for F&O trades?
If the same contract is traded multiple times, the average price of the positions may change. The buy average for F&O positions is calculated using the FIFO (First In, First Out) method, regardless of the product type used to close the positions (MIS or NRML).
Since all trades must use the FIFO method, it's best to use the same method to calculate the P&L when filing income tax returns. Please consult a CA before deviating from the FIFO method used on Kite and Console.
|Date||Symbol||Trade Type||Quantity||Rate (₹)|