BULL. PUT SPREAD ON NIFTY : EXPIRY TRADE

 

NIFTY JUNE 2021 MONTHLY EXPIRY 15700PE BUY AND 15900PE SELL

Bull put spread is used when u have mild bearish view on the stock or index. It is expected that 15800 since having good resistance in open interest and also on charts it is unlikely to cross it but same time and attempt may be made following reliance agm meeting at 2pm. Book profit at 50% of max profit and exit at 50% of max profit as stop loss. Probability of being profitable  is 50% and risk reward is fine for the intraday.Trade at your own risk and discretion.