buy with stop 232
for target 250+

alternate trade
buy future 1 lot @ 240
sale 250 ce 1 lot @ 3.3
(follow above spot levels for exit)

disclaimer - trade @ own risk
Trade active: 5 mns chart to understand price action

Trade active: suggested hedging strategy
running profit of
5500 +++
Trade active: script @ day's high
244.8 ++++++++

strategy giving 9000 profit

ones who followed n traded
enjoy friends
Comment: updated chart


great job
+1 Reply
nice idea 👍👍
+1 Reply
is it future+options trade called hedging??
+1 Reply
rachanak rishilapsiwala
+1 Reply
Deepak_dc93 rishilapsiwala
@rishilapsiwala, No Call buy and Put buy in options s called hedging
Check my profile , Please follow me if you find my ideas useful
@Deepak_dc93 surely will check your profile
Though the strategy I shared above as per my knowledge is called covered call
A covered call serves as a short-term hedge on a long stock position and allows investors to earn income via the premium received for writing the option.
+2 Reply
yes its covered call..
Thanks for HINDPETRO.
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