As suggested previously, sell on the retracement. The Index is seeing some selling pressure again, as there is global tension going around the world. Correction can be expected ahead and the Index can form its new low of the recent period.

Carrying overnight positions is too risky in the current scenario any good news in the market can lead to make heavy, for hedge buy at the money CE option.

SL for the Index will be the retracement high. Can book 25% profit at current rate and hold remaining position.

DJ30

Mar 07 2022