Consolidation

Nifty seems to be consolidating in the 6150-6350 range
It might be wise to buy ATM calls on dips as IV's are very low
Hence if we dip to lower end of the range one can buy 6200 CE option 

NIFTY @ Key Juncture

As shown above it seems Nifty has ended its uptrend and now beginning a fresh downmove towards 6200-6130 and if sustains and closes below 6130 then ultimately towards 5918
Also as per candlesticks nifty has formed a bearish shooting star pattern on its daily charts which is again an evidence of nifty trending down
Similar is the view on Bank Nifty
Hence on any bounce buy 6000 puts