What is FuturePLUS product on ICICI direct?
“FuturePLUS” is a product under the exisitng F&O segment. In “FuturePLUS”, customers would take buy/sell positions in future contracts with the intention of squaring off the position on the very same day before close of market hours. If, during the day, the price moves in favour (rises in case of a buy position or falls in case of a sell position), then customers would make a profit and vice versa.