Future square off

yogeshd · #1 27th November 2007, 08:42 PM

Dear Members ,

I have short RPL Nov fut @ 245 . Now it is quoting @ 196 . On thursday , nov series expiry is there . So does it necessary to square off my position ?
If my position remains open , then will it square off at thurday,s closing price automatically ?

Please guide .

Thanks

sudoku1 · #2 27th November 2007, 08:50 PM

[quote=yogeshd;132287]Dear Members ,

If my position remains open , then will it square off at thurday,s closing price automatically ?

U R RIGHT !!!!!!!!

yogeshd · #3 27th November 2007, 09:03 PM

[quote=sudoku1;132290]

Quote:

Originally Posted by yogeshd

Dear Members ,

If my position remains open , then will it square off at thurday,s closing price automatically ?

U R RIGHT !!!!!!!!

Thanks a lot

macmalus · #4 27th November 2007, 09:13 PM

thanks for mailing me

param777 · #5 28th November 2007, 01:10 PM

Hi,
I am new to Future trading. I read some materila on this. But still I have some basic questions to ask.
1) Let's say I will buy a future @100 and after 10 days if it moves to 130. Can square off my position before expiry date.
2) How much margin amount required for single stock future.

sujit_76 · #6 2nd December 2007, 08:06 PM

Margin is set by sebi and it varies from stock to stock.it ranges from 20% to as high as 55%
You can s/off ur positions any time

Mahendra kumar · #7 4th December 2007, 01:14 PM

Hi,Iam new to future trading.If I buy nifty future in the morning of the expiry date @ 5770 and haven't squired off my position that day.If the nity spot closes at 5780 and future @ 5790,what is my profit?

sujit_76 · #8 4th December 2007, 09:27 PM

for one lot your MTM profit is 50*(5790-5770)=1000

param777 · #9 3rd January 2008, 08:02 PM

Hi,
I am new to future trading. I hope you people can help me. I have a doubt.
For example I bought a stock future @100. Then next day onwards it started moving downwards. And after 5 days it became 80. I do not want to square off. I want to wait upto expiry date. In this case what will happen to my position. Do I need some extra money or margin. Or some loss will be there before expiry day.

Please help.
Regards,
param777

daewoo59 · #10 3rd January 2008, 08:59 PM

Dear Mr Param

Yes you can wait till the last thursday of a month.But pls keep in mind you have to pay daily the difference between your purchase price and price prevailing at the time of closing hours.If you are a online trader you have keep your money in your account or if you are with a broker they will demand the cheque.This goes till you square off your position.suppose after few days if the selling price is higher than the price you bought you will get refund what u have paid earlier days for that particular trade.