Sell BHEL, initiate bull call spread on IFCI: Experts

Jaldeep Vaishnav, derivatives analyst at SBICAP Securities, and Karun Mutha, head of derivatives at HSBC InvestDirect Securities, discuss trading ideas in the futures and options market. Karun Mutha says that the downward move on the index will not halt here and that we could see a lower level towards 5600. He therefore recommends a split synthetic short future which can be created by buying the 5600 put and selling the 5800 call. Meanwhile, Jaldeep Vaishnav recommends selling the Nifty futures at a level of 5690 for a target of 5590 in the coming 4-5 trading sessions.