My analysis is based on wave trend oscillator and fibnocci retracement. In the Above chart as per analysis wavetrend crossover happened above over bought zone. as for retracement wait for price rejection at 0.382 or 0.236. if 1 hr candle closes above 0.236 then analysis is void. if price rejects this level then enter short trade.
Trade Details for hedging (December Series ) TCS FUT Sell at - 3350 to 3360 TCS 3340 CE buy at - 75 to 77
Target 3217 in cash stoploss close above 3363 in cash