SP.2.53: Mr. Manoj invests in 20000 shares of Wipro (with beta value of 1.10) at currene market price of 275 per share in the month of January 2017. He fears bearish trend in the near future and chooses to hedge his position by using the NIFTYIT March futures which currently available at 10450 with lot size of 50 . What would be the strategy available for the investor to hedge the market exposure of his investment