can some one please explain about Roll over of Futures contract and pros and cons of the same
Rollover is basically switching from the front-month contract that is close to expiration to another contract in a further-out month i.e carrying forward of your futures positions. What this means is closing your position in the contract which is about to expire and opening a similar new position in a further-out month contract.
Pros: If your current month position is in losses and if you are of a view that market can go up in next month then by rolling over you can turn your loss making trade into profits.
Cons: Even if your view is bullish for coming month it is not necessary that markets will move in that direction, markets can continue falling even further and continue making dent in your capital.