Sensex futures are traded at a multiple of 50. Consider the following quotations of Sensex futures in the 10 trading days during February, 2009: Day…

Sensex futures are traded at a multiple of 50. Consider the following quotations of Sensex futures in the 10 trading days during February, 2009: Day High Low Closing 4-2-09 3306.4 3290.00 3296.50 5-2-09 3298.00 3262.50 3294.40 6-2-09 3256.20 3227.00 3230.40 7-2-09 3233.00 3201.50 3212.30 10-2-09 3281.50 3256.00 3267.50 11-2-09 3283.50 3260.00 3263.80 12-2-09 3315.00 3286.30 3292.00 14-2-09 3315.00 3257.10 3309.30 17-2-09 3278.00 3249.50 3257.80 18-2-09 3118.00 3091.40 3102.60 Abshishek bought one Sensex Futures contract on February, 04. The average daily absolute change in the value of contract is 10,000 and standard deviation of these changes is 2,000. The maintenance margin is 75% of initial margin. You are required to determine the daily balances in the margin account and payment on margin calls, if any.