Buy

Tata consumer looks poised for 650 -680 -790 levels. Close below 585 would negate the view.
Selling put of 580 SP on retest of 620-616 zone can be a good option. Cover can be given by selling put of 550 or 540 ( check availability ) . Simultaneously buying call of 620 or 630 ( check availability ) and selling call of 680/690 is a good strategy.

Disc : it's not an investment advise to buy or sell