 "Photo: Shutterstock")
Option Strategy:
NIFTY: BEAR PUT SPREAD
Buy 9600 PE 1 lot
Sell 9500 PE 1 lot
Rationale:
1. Nifty failed to cross 9700 and broken immediate support zone
2. It has been closing on negative note from last four sessions
3. Fresh writing at 9600 & 9700 CE could drag the index to lower levels
4. Put unwinding in 9600 strike also suggest that bears are getting grip for a profit booking decline
5. Thus low risk / Hedge strategy Bear Put Spread is recommended
Reward: 5250
Risk: 2250
Disclaimer: Chandan Taparia is a
NIFTY: BEAR PUT SPREAD
Buy 9600 PE 1 lot
Sell 9500 PE 1 lot
Rationale:
1. Nifty failed to cross 9700 and broken immediate support zone
2. It has been closing on negative note from last four sessions
3. Fresh writing at 9600 & 9700 CE could drag the index to lower levels
4. Put unwinding in 9600 strike also suggest that bears are getting grip for a profit booking decline
5. Thus low risk / Hedge strategy Bear Put Spread is recommended
Reward: 5250
Risk: 2250
Disclaimer: Chandan Taparia is a
