F&O Radar| Deploy Bear Put Spread in Grasim for potential gains from bearish outlook

Grasim, currently at Rs 2590.60, signals potential downside with a bearish engulfing candle and weakening momentum. Analysts predict further decline below Rs 2,580, targeting support levels at Rs 2,490 and Rs 2,420. Option data and technical indicators support this bearish outlook, suggesting a Bear Put strategy for potential gains.