Dear Friends,
For the week starting Mon-Fri, R1= 3200 and S1= 2900, and R1~S1 is with in the range (300,400] so you can buy atleast 2 lots of puts at strike price 3200 and atleast 1 lot of call at strike price 2900 as per strategy "How to check the trend and Buy options " posted in 1st post...