Maximum he can loose 3550 is not correct.It depends on the expiry.
If July Nifty expires less than 11148 then no loss.
Say if Nifty expires at 11500 his loss will be = (11500-11100-48)*75 = 26400 rs.
Hope it is clear.
SQUEEZE THE LAST DROP OF THE JUICE ........GO FOR THE KILL
This is one trading technique which I use very regularly and I wanted to share the same with all. At 2:40 -45 I was long in Nifty Futures and the market was looking strong. I had to take a decision whether to book...