3 Months FUT Hedge

Hi Traders.

I have a question regarding FUT Trading with a 3 months hedge of bullish/bearish view and whether its possible to carry out such a trade.

For ex: I want to take Nov expiry Bank Nifty FUT with an overall bullish view. So I created a basket order and added this script.

Next what strike price buy PE should I select to hedge?

As per Zerodha Margin Calculator Page, the NRML allowed strike prices are given for weekly and next month range only. So if I was to hedge a Sep FUT Expiry or even OCT I already have an NRML strike range to choose from. But how to do for Nov?

Can anyone help out or point me in the right direction. Thanks in advance.

Read this thing Futures Trading – Varsity by Zerodha

Read this thing Futures Trading – Varsity by Zerodha

Thank you. But I have already gone through the entire Futures module in Varsity more than 3-4 times from start to finish over the past month and there are no answers to my specific question.

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@Bhuvan Can you answer this ?