hi,
Indicators clearly suggest we are set for rise.You can buy 4900 Call and book based on how markets perform around 4850 level.But again i said you cannot predict when will nifty reverse in such markets so better any new high write 5100 call feb series.
Benefit of call write was seen last time only as after 200 pts fall people realized that market had reversed.So people got late catching up the fall.So the same.
Rest writers can write 4300 Feb put and relax and if danger persists cover at 4900 based on price action.
if you have any doubts post it in comments.
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