Nifty behaving as expected

Nifty is behaving in line with our expectation. While you have sold july 4200 put now the next strategy is to sell distant calls. By this small consolidation and downward move in nifty will help you to lock profit. keep an eye on 4450 call of july and august series. let nifty bounce a bit more before you can sell. we expect 4200 put to expire worthless and hence gain of 10%.