Weakness will persist – Buy 5300 Put

CAG’s report on Coal blocks allotment and weakness in west will keep Indian market under pressure. Yesterdays  sell off will not augur well for investor as they would be wary in deploying cash at lower levels. Trader would approach market on friday with “Sell on strength”.

One can trade Options market with bearish approach. Buy March 5300 Put at 115-117 with a price target of 144-158. Strict stop loss could be kept at 103.

Disclaimer : This article is not a suggestion or advice to trade. Understand risk and reward involved in Derivative market and Options market. We strongly recommend readers to consult their broker before assuming any positions