One can go short at or below 4540 with SL at 4600 for T1 - 4500 T2- 4450
alternatively one can go short on 4600CE at 62 and 4400 PE at 30 for 18400 in 8 days.
Keep strict stop loss for the following reasons.
1. Cement stocks are surging with some expectations from budget
2. It is consolidating after a breakout
3. It is against trend.
Please keep options for hedging