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Mr Ketan, a trader, has a bullish view of the markets. He buys one lot of the Nifty 5 0 futures at $ 1 6

Mr Ketan, a trader, has a bullish view of the markets. He buys one lot of the Nifty50 futures at $16,010 of the current month's expiry. Let's assume that the Nifty50 spot is currently trading at 215,990. NIFTY50 rises to $16,200. what is the profit gained

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