This is precisely what I have been trying to raise awareness. You are basically buying options like you are buying stocks- and that in most cases will not make you money as what seems to be good suddenly changes.
You basically have provided very little info for anyone to venture a guess.
Let me ask you questions?
What do you expect IV will be when you square off ( increased or decreased by how Much)
When will you sell ( time)
What is the Delta of each of the options ( for calls ( bought) it is negative for Puts it is the mirror opposite- a number that will be between 0 and 1)?
What will Nifty be trading at when you sell.
YOu then have to add your transactions costs ( both ways)- and perhaps you can get the answer. But remember- these are the questions you always need to ask!