n NISM Certifications
XIII NISM Series XIII
Medium

A trader took a short position of 1 Sept ABC futures at Rs.1800 (contract multiplier 50). He made Rs.5000 profit. Which action resulted in this?

Practice question from NISM Series XIII for SIF - Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Buying at Rs.1900

  2. Buying at Rs.1700

    Correct answer

  3. C

    Selling at Rs.1900

  4. D

    Selling at Rs.1700

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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