Rikesh Parekh, Vice President - markets strategy at Motilal Oswal Securities and Chetan Jain, derivative analyst at Anand Rathi discuss the futures and options market. While Rikesh Parekh recommends a bull call spread between 5700 - 5800 on the Nifty, Chetan Jain suggests a bear put spread as he believes that there could be a further downside to the markets.