Current Trading Strategy on NIFTY Spot - 10 Jan 2011

We are not seeing NIFTY Spot below 5800 by this expiry, so

Short NIFTY 5800 Put Jan Expiry @ Rs. 100 - 105, Stop Loss Rs. 135 + Buy NIFTY Feb Expiry when NIFTY Spot comes near to 5778 with the stop loss of 5721.15.