Updating the Market call ... those who had bought 4500 put and are holding keep your stop loss trailing currently i would suggest you to keep stop at 280 current market price 310 unrealized profit stands at 7500*number of lots. RBI hike is expected which can take market to be more negatively driven. Lots of negative news all together from all side had hammered market but it expected the market may take a breather for now so don't short more at this point and don't short blindly. Keep a trailing stops for the existing position and if taking fresh short position keep strict and small stop loss.
Market is like drunken man you never know where it is going to put the next step.
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