If you believe that the market is going to do very well (or poorly) in the near future, you can use this
information to make speculative prots through index futures. If you believe that the market would do
better so that the index value would increase by the expiry date of the futures, you would take a long posi-
tion in the index futures. If your belief is that the market would fare poorly so that the index value would
decrease by the maturity date, you would take a short position in index futures.
Suppose the S&P CNX Niy index value is 4,958 ...
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