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A Bull Put Strategy involves Buy OTM Put Option and Sell ITM Put Option. For example, If you are of the view that the price of Reliance Shares will moderately gain or drop its volatility in near future. If Reliance is currently trading at ₹600 then you will buy an OTM Put Option at ₹700 and a sell an ITM Put Option at ₹550. You will make a profit when, at expiry, Reliance closes at ₹700 level and incur losses if the prices fall down below the current price.

I find this example incorrect. It should be selling put option at 700 and buy Put option at 550. Isn't it?

Your r right, I also found this example wrong...