How to sell june and buy july bank futures

Hi,

In span calculator, it shows Rs.9408 required for selling and buying of June and July month Bank Nifty futures for one lot respectively.

Can anyone please tell me exactly how much amount I need to do the above strategy.

arunachalam,

When you buy one lot of BN Jun Fut margin required is around 38000. And when you sell BN Jul Fut, margin benefit you will get from exchange and your margin would reduce to around 9500. So basically with only 10000 RS you cant replicate the above scenario.

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Thanks Muthu, so initially I need 38000 for buying one lot of BN June and once I sell BN July then it will come to 9500, if so then can I use the remaining amount of 38000 - 9500 = 28500 for other trades. Please clarify.