Futures Trading

How is the Trigger Price calculated for Futures positions ?

a. Trigger Price is calculated as follows in case of Buy positions: Example: If you have Futures Buy position of 500 qty of Reliance at Rs 900 expiring on 26th December 2015 at IM of 11% and MM of 8%. Trigger Price calculation for Future Buy Positions: WAP on Underlying level-(( Margin on Positions - ( WAP on underlying level * Open Pos Qty * Min margin percentage)/ Open Position Quantity). 900-{(49500-(900*500*8/100)))/500} = 873 b. Trigger Price is calculated as follows in case of Sell positions: Example: If you have Futures Sell position of 1600 qty of ITC Limited at Rs 355 expiring on 26th December 2015 at IM of 14% and MM of 10%. Trigger Price calculation for Futures Sell Positions: WAP on Underlying level+(( Margin on Positions - ( WAP on Underlying Level * Open Pos Qty * Min Margin Percentage ))/ Open Position Quantity). 355+{(79520-(355*1600*10/100))/1600) = 369.20 Please note Trigger Price will be rounded up to the tick size for Buy positions and rounded down to the Tick size for sell positions.