rohan , Pravien and sahil .... You all seem to have similar strategies...
Therefore i am making a range of 4380-3570 for you guys...
Buy 1 put of 4400 @ 250
Sell 2 Puts of 4100 @ (120*2)240
Buy 1 put of 3900 @ 65
Sell 2 Puts of 3600 @ 55(27.5*2)
Thus your total Cash investment = 2000 which is thus reduced from your range...
This is just 1 of the strategies i thought of right now... let me work on something else too.