Comment on MCX - Profit/Loss for every 1 Rs change
commented on
12 Jun 2015, 06:01 PM
I am new to COMMODITIES. Is it easy to roll over contracts of lead, zinc and aluminium as we do in nifty etc. Please explain by giving example, b’coz i asked my company they told me that these commodities cannot be roll over, you to sell at the end of the contract and buy for new contract. Roll over in the sense carrying the same contract for the next periond for example, I have purchased Aluminium in the month of May-15 for 117.45 and there after the prices starts falling down and at the end of the contract the price was 110.15. I wanted to roll over for the next month but I was advised to sell at the end of the contract as it cannot be carry forward or roll over for the next contract. Please advice me, what is correct and what is wrong.