I plan to give a critical support every day under “ Not a Bad Idea” and a suggestion to buy a Call or Put. It will appear here before the Market open the next day.
The Call / Put, if you buy, should have at least 15 days left for Expiry. This means, from 1-15 of every month, it is ideal to buy the current month option and after 15th, the next month’s.
So here it is …
Not a bad idea to buy an ATM Put, if NIFTY spot sustains below 5840, over an hour or a close below it.
Disclaimer: The views expressed herein are to be used with your own discretion and neither analyst nor the publisher will be responsible for the outcome.
