F&O Radar| Deploy Bear Put Spread in Nifty for potential gains from call writers’ market

The market saw significant selling, with over 80% of NSE500 stocks closing in the red. The Nifty50 index dropped by around 0.90%, ending just above the critical swing low of 24,694. Traders expect further declines if Nifty breaks below this level. The IT sector was the only exception in the widespread selling.