NIFTY
As we can see in the chart at 45 minutes time frame, Market took support at 15864 and gone up by almost 100 points and in the process forming a W pattern.
If the market Opens flat and starts going up based on the candlestick pattern and breaches 16070 we can take at the money CE for a target of 16,150.
If because of any news the market starts going down we can take a PE only if the market breaks 15864.