I have a query with regards to Futures trading and settlement.
Is Index Futures and Bank Nifty Futures similar to Option Index, barring the high premium to get into the trade? (Leaving maybe MIS product type)
Assuming today, I had booked a Single (lot) Futures trade with MIS attribute, will it be settled immediately within the day just like any other trade? (Squared off today and funds settlement on next day)
Also, I see certain amount of leverage is given for MIS product for a person to get into the trade-- this is different from NRML trade, so if the margin I pay is 36k (assuming) at premium 10 (assume one lot is 300), and within the day or afternoon, the premium increases to 12, the difference is the profit which will be credited on T+1 day, right?
Are there any physical settlement obligation for a futures trade (intraday)? or even for a normal attribute trade?
Also, can we book a futures trade at market price? or is it like similar stock call or put option-- a limit order.
I need elaboration, please.
Thanks and Regards