Wolfwave

Wolf wave is spotted on Nifty . 
A short has been initiated at 4475(Nifty Fut ) .
Bought 100 Nifty September 4500 Put @ 205 . Didnt dare to take August series is expiry is near and premiums are high .
Target for the wolf wave is around 4200 . But as per the options data it looks like expiry will be very near to 4300.  
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Naresh Cherukuri