Hello Friends,
Please let me know how the margin requirement (MTM), profit and loss calculated in futures positional / carryover trade in Nifty, MCX and currency.
Below is my understanding,
My account balance - Rs.32500 and I buy 1 lot Nify Nov future at 32500.
On 10/10 - Bought 1 lot Nifty Nov future at 8000
On 10/11 - Nifty Nov future 7950. Now I should have additional margin of Rs.2500 in my account to hold the contract.
On 10/12 - Nifty Nov future 7930. Now I should have Rs.3500 in my account to hold the contract.
On 10/13 - Nifty Nov future 7970. Now I should have Rs.1500 in my account to hold the contract.
On 10/14 - Nifty Nov future 8000. Now I don't need to maintain any additional margin in my account.
On 10/15 - Nifty Nov future 8050.
Scenario 1 - Sold 1 lot Nifty Nov future on 10/13 at 7970. My loss is Rs.1500
Scenario 2 - Sold 1 lot Nifty Nov future on 10/15 at 8050. My profit is Rs.2500
Please let me know if I am missing anything here in the margin requirement, profit and loss calculation.
This is the first time I am trading in futures and I am totally not aware of this Mark to Market(MTM) margin requirement.
Thanks
Please let me know how the margin requirement (MTM), profit and loss calculated in futures positional / carryover trade in Nifty, MCX and currency.
Below is my understanding,
My account balance - Rs.32500 and I buy 1 lot Nify Nov future at 32500.
On 10/10 - Bought 1 lot Nifty Nov future at 8000
On 10/11 - Nifty Nov future 7950. Now I should have additional margin of Rs.2500 in my account to hold the contract.
On 10/12 - Nifty Nov future 7930. Now I should have Rs.3500 in my account to hold the contract.
On 10/13 - Nifty Nov future 7970. Now I should have Rs.1500 in my account to hold the contract.
On 10/14 - Nifty Nov future 8000. Now I don't need to maintain any additional margin in my account.
On 10/15 - Nifty Nov future 8050.
Scenario 1 - Sold 1 lot Nifty Nov future on 10/13 at 7970. My loss is Rs.1500
Scenario 2 - Sold 1 lot Nifty Nov future on 10/15 at 8050. My profit is Rs.2500
Please let me know if I am missing anything here in the margin requirement, profit and loss calculation.
This is the first time I am trading in futures and I am totally not aware of this Mark to Market(MTM) margin requirement.
Thanks