As per chart setup, the technical view for the market before the budget can be bearish, so 1000 pts fall even more can not be ingonored, so Jan 22000 put options available at 160 can give 5 times returns, on morning if it is available at 300 then also not bad with stoploss 160, putting 15k can give 60k in one lot, so panic is going to come in the market.
Please consult with your financial advisor beforw taking any trade, these are educational purposes.
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