n NISM Certifications
XIII NISM Series XIII
Medium

A trader wants to sell GBPINR one-month futures. The current price is ₹81.50, and he places a limit order to sell at ₹81.70. Assuming price moves between ₹81 and ₹82 after the order is placed, at what price is the order likely to be executed?

Practice question from NISM Series XIII for SIF - Mock Test 9 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    At ₹81.70

  2. Any price between ₹81.70 and ₹82

    Correct answer

  3. C

    At or below ₹81.50

  4. D

    Any price between ₹81 and ₹81.50

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

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