I Doubt Put Debit Spread would right solution when market not seems to go beyond 6200...
Since These Kind of Risk Reward Ratio would available only on far Strike Spreads
For example
One Can adapt 5700PE Long 5600PE Short ( Debit Spread)
The maximum Risk is 69.50-50.75 18.75 for Two Lots it is 1875/-
Plus Rs 2300 Already Risked if market Stays in 6200-5700 Range then
Total Risk would 4175 for the Reward of 5825
Instead if he Exits (Pre close ) when market not seems to be Cross 6200
where he may cut the Initial risk
Or Other wise suppose he took 6000 PE and 5900 PE
which are Trading now at 167.90 and 126.45 ( Today LTP) then
The Risk Increases 167.90-126.45=41.45 for two Lots 4145 Plus 2300 Original risk would be 6445 for the Max Reward of 3555
Again if Market close between 6000-6200 he would loose all risky amount
IMO SL is best Option or he has to take risk as it is Rs 2300 Lottory which gives Rs 10000/- Prize if he got it