This trade is active as per rules of our “Index Follow the Trend strategy”
Bullish Signal is generated
1. Supertrend (21,3) is green
2. Sensex is trading above close of Supertrend bullish candle
3. RSI is above 60
Entry is 1 ITM PE sell
Margin hedge : Buy any PE which is trading around Rs20 for margin hedging. and close it as and when sell is closed
Exit will be if
1. Supertrend Change
2. SL hits at 1.5x of entered price for PE sold
3. Book profit on expiry day as and when PE price goes below 20