Broader markets saw strong downtrend, Nifty breaking below its support zone and has already approached its strong support of 5750 level 50 DMA on 4 hour chart. We are sure that nifty will not break above 5890 level. So it is good opportunity to accumulate Nifty 5800 put for december series around 84. A strong downward momentum is expected once nifty future touches 5890 level.
Buy Nifty 5800 put near 84 for targets 111 and 129. Keep stoploss near 81 level or exit this put option if Nifty futures trade above 5899 level.