BATA: Sideways to Bearish

BATAINDIA has overall a range bound of 1320 to 1400 range.
However if 1370 is broken (mentioned in green color small support line) it will retrace back to 1330/1340.

If we look at the OI Data: Very high fresh call addition at 1400 strike.
If Bata persists below 1370 for 30m, buying a 1380 (or better) 1400 Put (29th March) seems lucrative trading option.
Or even better a Bear Call Spread:
BUY 29th March 1400 Call Option
SELL 29th March 1300 Call Option
RR: 1:2
PoP: 42%
Margin: 42k.
Breakever: below 1369 (where is our support line)

All the best!