F&O Radar: Deploy Long Calendar Put in Nifty for potential gains from range-bound market

Nifty has been trading sideways between 25,200 and 25,800, closing below 25K on Friday. Shrey Jain of SAS Online highlights downside support at 24,800 and an oversold put-call ratio, suggesting a range-bound movement. He recommends deploying a long calendar put strategy, expecting the Nifty to consolidate within an optimal range of 24,750 to 25,450 during the upcoming expiry.