Buy Nifty 6450 Put @ CMP (CMP - Current Market Prize)
and Buy Nifty 6550 Call @ CMP
Investment amount totally 2800 rupees only. Target around Rs. 100 for any one of the nifty put or call. Now CMP for both put and call are around Rs. 28. (100 -28 = 72)
72 *50 = 3600 profit. Book profit before march expiry.
(Only five trading sessions remaining for 27-Mar-2014 expiry).
Sell both 6550 CALL & 6450 PUT get profit RS.500.