As long as the trendline is not broken, I will be holding on to this trade.
but couldn't hit our stop loss.
Sold 490 PE at 7.25 rs. If it hits our stop loss, I will be closing FUT trade, and will create Short Strangle by selling 540 CE.
Margin requirement will be almost same as shorting Fut trade.
Closed FUT trade and holding 490 PE. will create short strangle, only if the price comes down to 500.