Nifty in Strong downtrend !!!

Nifty has broken a crucial support of 5690 on the downside.Now it has a support at 5567, chances are that Nifty may touch or even break this support.One should short the Nifty on every rise.As per my view, I am sharing with you two options strategies.

Strategy   1  :   Bear Put Spread Strategy
Buy/Sell	Name	Strike Price	CA/PA	No. of lots	Lot Size	LTP	Total Amount(Rs)
B	Nifty	5900	PA	6	50	271	-81300
S	Nifty	5600	PA	6	50	77.8	23340
Strategy   2  :   Long Put
Buy/Sell	Name	Strike Price	CA/PA	No. of lots	Lot Size	LTP	Total Amount(Rs)
B	Nifty	5700	PA	8	50	125	-50000
					Total Investment		-107960

One can short ONGC in futures for a target of 1148 with  Stop Loss of  1192.
LTP ( Last Traded Price ) 1178.

Keep Trading !!!
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