Nifty just broke the psychological level of 11000. After breaking that it broke another psychological level of 10800 and 10600. And its now trading in the zone of 10300-10400. But 12 march expiry nifty put of 9900 @ 48.50 is not going to break. As it's very hard for nifty to break another strong support of 10000 (as government will be involved after this) ,so as a trader i'm shorting 9900 put @ 48.50 expiry 12 march, as we will also get the time decay of tomorrow holiday (Holi).