Futures trading kaise kaam karta hai, margin, settlement, strategies — advanced Hindi guide.
Published by The Retail Trader · AUG 06, 2026 · Features
Futures trading kaise kaam karta hai, margin, settlement, strategies — advanced Hindi guide.
Futures ek derivative contract hai jisme buyer aur seller agree karte hain ki future mein ek specific date pe ek specific price pe ek asset kharidna/bechna hai. Obligation hai — option ki tarah right nahi.
Ye paanch baatein dhyaan mein rakho:
• Obligation — Futures: Haan (must fulfill), Options: Nahi (right only)
• Premium — Futures: Nahi (margin), Options: Haan (premium)
• Max loss — Futures: Unlimited, Options: Premium paid (buyer)
• Margin — Futures: 10-20%, Options: Full premium
• Settlement — Futures: Daily (MTM), Options: At expiry
Ye chhe baatein dhyaan mein rakho:
• Lot Size — Minimum quantity (Nifty = 25)
• Margin — Security deposit (10-20% of value)
• MTM — Mark to Market — daily profit/loss settlement
• Expiry — Last Thursday of month
• Rollover — Current month → Next month shift
• Premium/Discount — Futures price vs Spot price
Ye baatein dhyaan mein rakho:
• Nifty at 20,000
• Buy 1 lot Nifty Futures @ 20,050
• Lot size: 25
• Margin required: ~₹1,20,000 (12% of contract value)
• Contract value: ₹5,01,250
• If Nifty goes to 20,500:
• Profit: (20,500 - 20,050) × 25 = ₹11,250
• Return on margin: 9.4%
• If Nifty goes to 19,600:
• Loss: (20,050 - 19,600) × 25 = ₹11,250
• Loss on margin: 9.4%
1. Long Futures (Bullish):
• Buy futures when bullish
• Profit if market goes up
• Risk: Unlimited if market falls
2. Short Futures (Bearish):
• Sell futures when bearish
• Profit if market goes down
• Risk: Unlimited if market rises
3. Calendar Spread:
• Buy near month + Sell far month
• Profit from premium difference
• Low risk, low reward
4. Cash and Carry Arbitrage:
• Buy spot + Sell futures
• Lock in premium difference
• Risk-free profit
Rollover = Current month futures se next month futures mein shift karna. Expiry se pehle karna padta hai.
How to check rollover:
• OI (Open Interest) badh raha hai next month mein = Bullish rollover
• OI ghat raha hai = Bearish rollover
Ye baatein dhyaan mein rakho:
• 📌 FUTURES TRADING
• 📊 Obligation to buy/sell at expiry
• 📊 Margin: 10-20% of contract value
• 📊 Expiry: Last Thursday of month
• 📊 MTM: Daily settlement
• LONG FUTURES:
• 📊 Bullish view
• 📊 Profit if market goes up
• 📊 Risk: Unlimited
• SHORT FUTURES:
• 📊 Bearish view
• 📊 Profit if market goes down
• 📊 Risk: Unlimited
• ROLLOVER:
• 📊 Current month → Next month shift
• 📊 OI increasing = Bullish
• 📊 OI decreasing = Bearish
• STRATEGIES:
• 📊 Long/Short futures (directional)
• 📊 Calendar spread (premium capture)
• 📊 Cash and carry (arbitrage)
Ye baatein dhyaan mein rakho:
• Options Basics | Option Greeks | Open Interest Guide
The Retail Trader — educational market analysis. Not investment advice.
Ye article sirf educational hai — koi buy ya sell recommendation nahi, koi guaranteed return ka daawa nahi, aur koi advisory nahi. Rules, rates aur mechanics exchange, SEBI aur RBI time-time par badalte hain, isliye har number apne broker ya official source par khud verify karo.