Intraday (1 day) - Short HUL 1000 EQUITY ... But you will have to square of this position at the end of the day.
Futures (Max 3 Months) - Short HUL futures (1000) of JAN 2010 and Square of the position at expiry in JAN 2010 (that is, if u wish to hold on to the position till then)
Options (Max 3 months) - Purchase JAN 2010 Put option of desired strike price and exercise it when you are in profit. However, option does not that much volumes. Besides Index and few selective shares, Option volume is extremely low.
(6 months) - You can do this with a instrument called "LEAPS". However, in India this option for HUL or other script is not yet available. For Index it is there, but the volumes are very very low.
Hope this helps.