Hi guys,
I bought nagarjuna future with margin money (2 lots) half way through the market crash @ 61.00. Obviously you know the rates now.
Since the expiry nearing i must sell to lose my capital and also have to pay more to the broker on top of it.
Is there a way to transfer this contract from Jan to Feb expecting a raise in next month? Does this mean that Jan contract will be sold and feb buy? I beleive i cannot do this since as soon as i sell i will have to pay the broker some amount and i cannot expect him to allow me to buy again.
Any help would be appreciated for this poor trader.
I bought nagarjuna future with margin money (2 lots) half way through the market crash @ 61.00. Obviously you know the rates now.
Since the expiry nearing i must sell to lose my capital and also have to pay more to the broker on top of it.
Is there a way to transfer this contract from Jan to Feb expecting a raise in next month? Does this mean that Jan contract will be sold and feb buy? I beleive i cannot do this since as soon as i sell i will have to pay the broker some amount and i cannot expect him to allow me to buy again.
Any help would be appreciated for this poor trader.
. My broker (sharekhan) told me that rollover is selling jan contract and buying feb contract and while they sell jan all my money will be gone and so they cannot buy any feb contract. Hence was forced to take loss.