dear kindman, I am holding 2000 syndicate bank @ 124.
So YOU ARE HAVING ONE LOT OF SYNDICATE BANK ... OK FINE
BETTER HEDGE IT WITH 120 PUT @ 2.20 RS
IF YOUR CAPITAL IS 15LAKHS + THEN YOUR ENTRY IS CORRECT.. LETS WATCH HOW THIS TRADE MOVES....
OUR OPEN POSITIONS
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1.OFSS ( RISK RELEASED ) NEW RISK =1/4 R
2.SYNDICATE BANK RISK = 1R
WE CAN TAKE 3 R AT A TIME
SO 1.75 R IS STILL WAITING FOR NEW ENTRY