Re: Time to Stick my Neck Out ,Nifty 7300
guys can anyone guide how to rollover a future contract to next series. I have May Futures and want to carry forward to next month also instead of square off. I am using PIB. Also what will be the cost(charges) to rollover? is rolling over better than buying the next month contract?
Rollover is nothing but squarring up your existing postion and take up the same postion for the next series...
Cost:
Apart for regular brokerage and other expenses
There could be a cost of rollover!
I mean the difference b/w the price of the present series and next series...
Example
Say NF May is at 4875 and NF June is at 4880 (at the time you are going to Rollover)
Then if you are doing a long Rollover then you have to shell out Rs 5/- more per contract (4875-4880=-5) Cost of rollover Rs 5/-
If you are doing a Short Rollover then you would be in a gain of Rs 5/- per contract (4880-4775 = +5) In this case you gain
Regards