Hi Guys,
I am new to Future & option. I have a query regarding the Future Contract as displayed in my icicidirect. The future contract with sept expiary is displayed as
=>YESBAN FUTSTK 29-Sep-2011 1000 312.00
The current Yesbank market(spot) price ==> 308.5 there difference between the future price is 312-208.5 = 3.5
Suppose i sell a Future contract (312) and square off immidiately will i be getting the 3.5 Rs as profit or not?
=> I understand there might be something i am missing abt the Future Trading Procedure. Please enlighten me.
Regards
Anand
I am new to Future & option. I have a query regarding the Future Contract as displayed in my icicidirect. The future contract with sept expiary is displayed as
=>YESBAN FUTSTK 29-Sep-2011 1000 312.00
The current Yesbank market(spot) price ==> 308.5 there difference between the future price is 312-208.5 = 3.5
Suppose i sell a Future contract (312) and square off immidiately will i be getting the 3.5 Rs as profit or not?
=> I understand there might be something i am missing abt the Future Trading Procedure. Please enlighten me.
Regards
Anand