Hi Zerodha
Few simple queries......I am sure you answered them in previous threads, but once again, please !
Assume Current month Nifty Futures are trading at 5600.
1. How much amount is required to trade one lot of Nifty future intra day?
2. I read it earlier, that answer to query above is Rs 11000 approximate. Is that true?
3. It means, if I have funds of Rs 55000 in my trading account, I may trade 5 lots of Nifty Futures intra day ?
4. How much amount is required to carry one lot of Nifty future overnight? Is that Rs 22000 approximate ?
5. Suppose, with Rs 55000 in trading account, I am having 5 lots of Nifty Futures by 3 PM. Then, I square up 3 lots and I wish to carry 2 lots overnight. Will something require to do so, or the 2 lots will automatically be carried over?
6. As said above, suppose, I carry over 2 lots of Nifty Futures overnight, and by 9:20 AM next day, I square off them, and I again wish to buy 3 more lots making it to a total of 5 lots. In this case, will the margin blocked for carrying over 2 lots overnight be released immediately? Do I need to first square off overnight position to buy 3 more lots next day, or I may buy 3 lots without squaring off overnight positions.
Please provide step by step answer so as to enable me to finalize some strategy.