1. formed harami/dozi Pattern today on
2. Good volumes
3. Nifty made pattern on daily patterns and is trading near resistance levels.
4. RRR is above 1.5
5. Volumes are strong.
6. at 22 indicating oversold and chances of reversal.
1. Stock is in down trend and may continue the trend if market not supports.
Trade is at Confidence level of 60%
Hedge the position by buying 2500 PE at 51. The hedge will be used to cover gap down openings due to overnight news if any.
Continue holding Futures.