First and foremost, do not venture into something that you do not know or understand. It is the easiest way to lose money.
Learn, study, research and practice and most importantly control your urge to trade.
If ICICI's tips were of any use they would have been the most successful trading firm in the world. Nothing wrong is following others tips - but they should be backed up with your own study, research and convictions.
Otherwise, you can as well bet on horses - it is the same thing.
That being said, I am assuming these are November options. I am not giving you any tips - basically ideas. You have to discover what is best for you.
1) Be mentally prepared to lose all your capital - which is Rs 12,500 ( 152 + 98 multiplied by 50). Once you are mentally prepared that this is the maximum you are going to lose, you have taken the fear of uncertainty out of your thoughts. This will help you to mentally accept the loss and clear your thinking.
2) The objective is to sell the put when the markets go down, and sell the calls when the market goes up.
3) What is the bid-ask spread ? If there is a significant difference (Rs 10-15), the contracts are becoming illiquid and it will become difficult getting out at a favorable price.
4) If you hold the contracts till expiry, the Nifty should be above 3352 or below 2548 for you to break even. In my opinion 3352 would be difficult, whereas 2548 is very likely.
4) If the markets go down tomorrow, your put will gain value (and call will lose value) - consider selling the put. Another idea is to keep the PUT till expiry - this is like portfolio insurance. If the market falls by expiry, your PUT will gain value (while your portfolio has lost value).
5) If the market goes up, your call will gain value while the put will lose value. Consider selling the call at a better price if you get an opportunity.
6) If I were in your position, I would sell the call (if and when) the market goes up 1-2 days in row and get out. I would keep the PUT as safety against a market correction.
7) You are the only person who is your best guide and well-wisher. You have got yourself in this trouble, you must gather the courage and diligence to get yourself out.
8) If you are lucky, you might even make a profit. However, do not be tempted by greed - your objective is to get out of a bad trade. Perhaps you can make money, but be rational and not greedy.
Good luck.