n NISM Certifications
VIII NISM Series VIII
Medium

You have a short position in LPQ stock futures at Rs 350 (lot size: 500 shares), and you've made a profit of Rs 28,000. What should you do?

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

Options

  1. A

    Sell one lot at Rs 406

  2. Sell one lot at Rs 294

    Correct answer

  3. C

    Buy one lot at Rs 406

  4. D

    Buy one lot at Rs 294

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

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