What is NIfty Futures Trading-

[invest_vinit]

A 'Future' is a contract to buy or sell the underlying asset for a specific price at a pre-determined time
Thus it is forward contract which is a derivative type of instrument in which buyer and the seller are agreed to transact set of financial instrument/ Physical commodities for future at a particular price i.e. if you buy a futures contract, that means you promise to buy something that a seller has not yet produced at a particular price and specific time.
If you are entering in future market it is not compulsory that you will have to liable for receiving any delivery (in case of commodities). This is why futures contracts are known as financial instrument.
Every futures contract has the following constituents:........................

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