Buy Reliance 2160CE@90-100 and for hedging sell 2 Lots of 2260CE@45-55. Margin will be required to short 2 lots of options.
Buy 1Lot of Reliance Future strictly above 2240.
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis...
We have a situation in Reliance Inds. It may drop sown to 2152 by 8th of Mar. It has not been able to cross it's key resistance level of 2190 for some time now. If it crosses 2190 it will head for 2236.