F&O Radar: Deploy Bear Put Spread in Nifty for gains from a bearish stance

Nifty Index declined 0.49%, with VIX rising 6.33%, indicating increasing market fear. Trading below major moving averages and an RSI of 38.44, Nifty shows bearish signals. Preeti K Chabra predicts further downside, with Nifty targeting 22,800 and 22,444 levels. Traders are advised to adopt a Sell on Rise strategy and consider a Bear Put Spread for potential gains.