When we buy futures contract for few days we are required to pay initial and span margin. Below is my query regarding the same.
Let’s say I buy 1 lot (500) of HDFC at 1800 and the closing price is 1790. Therefore, at the close I’m in a loss of Rs 5,000.
In this case will Rs 5,000 will be deducted from the initial and span margins or additional 5,000 will be deducted from my account?