Markets: A Rigorous Course

M15 · Problem 5 ★ Check

The TCS opening-range trade

On 28 Aug 2026 the 09:35 bar opened at ₹2,328.50 and the 15:10 bar closed at ₹2,342.00. The opening range was ₹2,272.10–2,319.90. Slippage is 3 bp per side. (a) Compute the entry and exit prices after slippage, the risk per share, QQ and 1R1R. (b) Compute the intraday charges line by line. (c) Compute the net P&L and the net R-multiple. (d) The trader's slab rate is 30%. Compute the tax (ignoring cess) and the after-tax P&L. Under which head is this income taxed, and what restriction applies to losses under that head?

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Commas, ₹, % and 1e-3 notation are accepted.

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