You have taken a short position of one contract in June XYZ futures (contract multiplier 50) at a price of Rs. 3,400. When you closed this position after a few days, you realized that you made a profit of Rs. 10,000. Which of the following closing actions would have enabled you to generate this profit? (You may ignore brokerage costs.)

Question 4Select one:

Buying 1 June XYZ futures contract at 3200

Selling 1 June XYZ futures contract at 3200

Selling 1 June XYZ futures contract at 3600

Buying 1 June XYZ futures contract at 3600