Considering the special situation of today, I would like to give you a special strategy. If the fall of today, continues you stand to gain a lot. But in case, it bounces back, you will not loose much. In case it bounces back, what you need to do is to wait till NIFTY goes back to 5300 and above, which will remove your initial losses.
Here you go.
LONG 5200 Apr Put—2 Lots and SHORT 5300 Apr Put-1 Lot.
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