1. It had given bullish technical trend-line breakout for a target of around 218 (Short term ) and around 270(for long term).
2. PCR decreased of -0.35% today which shows that this breakout is losing its strength.
3.Their is significant amount of addition of both call and put addition at 205.
I would suggest if crosses 206 remain above it till closing then keep holding and enjoy ride till 218, 230 and 270.
so hold with 200 as SL for now.