8600 PE @ CMP
. Market has tough resistance at current point and so it wont go below that magic number 8600 most probably. That means next week at expiry you can collect the premium as profit. You are shorting and so you will need around 40000 rupees to open this position with 1 lot. Returns for one lot is around Rs
.350. Better than bank return. Will update with an exit call if market moves downwards for some unforeseen reason.