I usually keep 5 point sl
so if market falls then also profit will 10-20 points n loss will be 5-10 points as per SL
for hedging generally i use same srike price for calls n puts as it keeps me eazy to tack movement of nifty future
but u can take PE of next strike as well
so if market falls then also profit will 10-20 points n loss will be 5-10 points as per SL
for hedging generally i use same srike price for calls n puts as it keeps me eazy to tack movement of nifty future
but u can take PE of next strike as well