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What we do buy or sell? I have a position in future at price of 271. Please give me a suggestion , I will do averaging or sell it
Anany_shringi
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@ayushagrawal78668 Hello, Buddy logically we played short term acceleration in the stock, currently, it's in a downtrend and would never endorse any averaging in losing positions, it's again going in the consolidation zone where you should only hedge position by options just try to use that and by the next month is very volatile because of budget so I would suggest buying next month's put so any down move can protect you and you'll be more peaceful situation than having naked open future position. For me, the next buying zone is around 205 to 200 levels. I hope that this explanation would help you if anything else I can help you with, please let me know would be happy to help you.
@ayushagrawal78668 go and check opstra and add pe position of next month with price target around 200 and see the curve and than decide you should be in this trade or not.