This trade is active as per rules of our “Index Follow the Trend strategy”
Bearish Signal is generated
1. Supertrend (21,3) is red
2. Nifty is trading below close of Supertrend bearish candle
3. RSI is below 40
Buy any CE 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 CE sold
3. Book profit on expiry day as and when CE price goes below 20