On 31 st December, 2024, Mr. RS has taken a long position of 2 lots of Nifty Futures at price 25,400. One lot of Nifty Future is 50 units. Margins:…

(i) Contract Size (25,400 x 50 x 2) = 25,40,000 Initial Margin (10% of 25,40,000) = 2,54,000 Maintenance Margin (80% of 2,54,000) = 2,03,200 Statement showing the daily balances in Margin A/c and margin call if any, Day Change in Future value (₹) Margin A/c (₹) Call Money (₹) 31/12/24 ----- 2,54,000 01/01/25 (25,520 -25,400) x 50 x 2 = 12,000 2,66,000 02/01/25 (25,390 -25,520) x 50 x 2 = -13,000 2,53,000 03/01/25 (25,250 -25,390) x 50 x 2 = - 14,000 2,39,000 04/01/25 (24,800 -25,250) x 50 x 2 = - 45,000 2,54,000 60,000 05/01/25 (25,100 -24,800) x 50 x 2 = 30,000 2,84,000 (ii) Gain or Loss of Mr. RS squared off position on 05/01/2025 (₹) Ending margin 2,84,000 Less: Initial Margin 2,54,000 Profit 30,000 Less: Margin Call 60,000 Net Loss (30,000) (iii) Gain/Loss if Mr. R has taken Short Position Day Change in Future value (₹) Margin A/c (₹) Call Money (₹) 31/12/24 2,54,000 01/01/25 (25,400 -25,520) x 50 x 2 = -12,000 2,42,000 02/01/25 (25,520 -25,390) x 50 x 2 = 13,000 2,55,000 03/01/25 (25,390 -25,250) x 50 x 2 = 14,000 2,69,000 04/01/25 (25,250 -24,800) x 50 x 2 = 45,000 3,14,000 05/01/25 (24,800 -25,100) x 50 x 2 = -30,000 2,84,000 Profit or Loss on Short Position (₹) Ending margin 2,84,000 Less: Initial Margin 2,54,000 Profit 30,000