Nifty may touch 5690

Inflation, rise in interest rate has caused the market to slide down. Chances are there that Nifty may touch 5600 in coming days.One needs to be cautious at this point of time. I am sharing with you one option strategy.

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	4	50	178	-35600
S	Nifty	5600	PA	4	50	46	9200
					Total Investment		-26400

 One who is interested in futures, can short ICICI Bank for a target of  1000, with a stop loss of 1050. LTP 1032.5 , SBI  for a target of 2481 with a stop loss of 2600.LTP 2570.5.

Enjoy Trading !!!

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