World markets down a tad around 0.5-1%

Expect some initial weakness in nifty , if you get a gap down
then look to buy near 3770-3740
I think the march expiry target could be 3800
thats where max puts and calls probably are.

Dow jones reacted from 0.618 region
its still in a rising channel though so it might just be going for its old high.
China already did a new high.
Somehow I think our max is only 3971-4020 even if world markets continue strong.
From 3971-4020 its back down to 3570 for april/may.

Reliance/ongc might continue to show some isolated strength on crude being above 60$

If the puts purchased near 3900 double then exit thats the target for march puts
IF you bought april puts you can hold for a revisit of 3570