2. Long on 2 Lots of next month or Far month ATM put options.
Exit strategy:
Exit all position if nifty moves 150 to 200 points in Either directions.
How this strategy works?
This strategy works by exploiting the change in Delta of Put options.
The Delta of Futures is always .
1. Whereas the Delta of options changes when nifty moves from ATM to OTM or from ATM to ITM.
Delta of ATM