DR.Reedy's at support line.

Dr. Reddy's may give up move. Target - 5500

Hedging Idea -

Buy Dec Fut at - 4849
Buy Dec 4800 PE

Max Loss - 24731
Est. Profit - 62000
Margin Needed - 54000
TIME - 1.5 MONTH
Return - 115%

Tip. First buy put then buy future. PE will decrease your margin need.