Dear Nehal - Hold or quit is completely your decision since you know your risk appetite and account status better than me.....
I can just say that you wont always get a big move immediately after 100 EMA touch .. it can sometimes take a couple of weeks ..... the good thing is Nifty is up 100 points from the point of 100 EMA touch and another 100-150 points move up should make ATM calls and puts into profits.....
I am not sure what strike price you mean when you say OTM ...I hope you have not bought deep OTM ...
Guys as per the theory you need to close both the trades at the same time...close CE & PE at same time
You see what happened to the @bhurasandip trade...he covered the PE only in loss & after that his CE also came in loss.....he lost on both the trades...making his winning trade into losser trade...
Hey SH can you guide us on what market sentiments are... Market is hovering around 100 EMA from pas 3 days... from your exp have u seen this before... and what are your expectation now...