Originally Posted by man4urheart
Oh my god! how can broker do that, without your consent!
I don't think the broker did that without consent.
From what I understand kapil1311 didn't fully understand the product before the position was opened.
It will be very difficult to recover your losses now.
The best you can do is to minimize further losses.
There may be another 500 points downside in the Nifty, so it's your decision
if you want to hold your position and hope for a recovery
you want to close your position and take no additional losses
Besides the strategy suggested by Mandeep, what you can do, is to rollover your position for 6 months and hope for a recovery.
On October expiry, you can sell your October futures and buy December futures...the furthest lot available
Again at the end of December, you can buy the February futures.
Once the FII selling stops, Nifty may recover some of its losses and may bounce back 500-600 points.
If you want to rollover your position, make sure you have enough margin with your broker, so that he isn't forced to close your position.