n NISM Certifications
XIII NISM Series XIII
Medium

Mr. Prashant has bought one lot of ABC futures at Rs 75 (lot size 2000), but he wants to protect himself from a loss of more than Rs 3000. What should he do?

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

    Place a stop loss sell order at Rs 74

  2. Place a stop loss sell order at Rs 73.50

    Correct answer

  3. C

    Place a buy order for 2000 shares of ABC at Rs 76.50

  4. D

    None of the above

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

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