Nifty November Trade

Nifty closed @ 4750 at the F&O Settlement of the previous month, from that point forwards it has traded below 4750 for 4 days and closed 3 days below it, on the other hand for 5days (excluding today) it has closed above 4750, Nifty has traded in the November F&O from a low of 4538 to an high of 5012, which makes up close to 10% and normally Nifty doesn’t move more than 10-13% in a month, excluding times of high volatility when the difference between the highs and lows for the months accounts to about 30-40% of the value of the Nifty, So one can except a strong resistance close to 5020 for the Nifty in the November settlement, on the other hand the Nifty is currently trading above the 20 days simple moving average which should be considered as bullish, also all the short term averages are place above each other which too is bullish, Also there are only about to 37 days trading left in this year and normally nifty tends to close the year near about high if it has traded for most part near the high, so what to trade, it would be better to buy puts intraday near the 5012 and exit on an intraday dip of 50-70 points, or the trade could be to sell Nifty 5000 CE close to 80 and hedge it with Nifty 5200 CE close to 20 with max gains of 60 and max loss of 140 or the position could be squared of if the Nifty trades above 5052.