Book Profit in your Short Position

For now, Congress government is safe despite Big Egoist Prakash's noises. As long as Crude price is below $149.99 mark(?!) and inflation is below 13%, you can safely assume that Nifty would not go below 3750 mark. Now the point of least resistance is going to 4500 rather than declining to below 3750. If you have bought puts or sold calls, then book profit, as you may not have another chance in next 2 weeks.
My favorite for today is buy Praj Industries for Medium term with trailing stoploss ( below last week's low).
Points to remember

Don't buy stocks only for Dividends.
Don't buy stocks now, that are in "Buy Back Mode" ( Eg. DLF) for long term.
Options are best instruments which allows you to go long as well as short with limited risk.

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