Profit booking were seen ruling the markets in the last week. But positive economic data supported the markets. In the week gone by, Nifty remained in a narrow range and traded most of the time in between 8063 (50 DMA) and 8206 (100 DMA).

Investors can create a call ratio spread by buying Nifty 8200 call one lot and can sell 8400 two lots of call if the Nifty moves above the 50 DMA with volumes in this week. If Nifty moves down below 8063 then one can buy 8100 put options rather than creating a call ratio spread.