n NISM Certifications
VIII NISM Series VIII
Medium

You have sold one lot of JSW Steel futures for Rs 800 (lot size 2000) expecting that this share price will go down. But you also want to protect yourself against any loss of more than Rs 10,000. 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

    Place a limit order to buy at Rs 805

  2. Place a stop loss buy order at Rs 795

    Correct answer

  3. C

    Place a stop loss buy order at Rs 805

  4. D

    Place a limit sell order at Rs 805

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

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NISM Series VIII - Mock Test 2