However we may see some retracement, to 640-680, before the action.
Sell LIC below 614 with SL of 690 (short SL 636). Target 550 / 520
Instead of keeping the short SL it will be better to hedge the trade and buy 630 CE @ <14 (buy only when the actual trade triggers). This will help minimize the risk
Bought 630CE Oct series @ 10.50 to hedge risk of bounce
630CE is bought at 10.50 is now 25.50
Sell 630CE holding if LIC moves below 660
Will prepare to make short position thereafter