About Hedging
Hedging via ATM / DITM shorts calls against your Net long cost you in bull market , but it protects you big time in corrective markets.
DITM upto EMA-21 , if the rally is extended.
Applicable only for TOP-30 Nifty companies.
Worked well for me .
Learn this
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Limited take on Nifty :
~ Dollar Index closed above 93 , which is not good for EMs
~ For further weakness you have close below EMA-9
~ Their is 30 % probability you will test EMA-21 before 6th Oct
~ 2 big macro triggers , Crude & Dollar Index
~ Review daily , no fix view
~ Dollar Index closed above 93 , which is not good for EMs
~ For further weakness you have close below EMA-9
~ Their is 30 % probability you will test EMA-21 before 6th Oct
~ 2 big macro triggers , Crude & Dollar Index
~ Review daily , no fix view
Means Monday gap down ?
— Nirav S. Karia (@caniravkaria) September 18, 2021