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Good explanation. But I have a doubt. If you check out the zerodha brokerage calculator since you are using zerodha,
Buy - 7643.9
Sell - 7800
Quantity -50
Net profit is 7700.19 rs after removing all brokerage and transaction charges . How did u get 7659.18 rs ? where did the remaining 41.01 rs money is lost?

This is because we closed the position in 7 days. Zerodha Calculator shows the profit/loss if you close the position same day.

Note that in case of Futures, the profits and losses are calculated on "daily basis" and credit/debit in your trading account. Its like a new trade every day for 7 consecutive trading sessions.

Check the table above where we calculated Net Profit of Rs 7659.18.