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What strategy we needs to adopt for March Option ? Needs to prefer go Long Or go Short ?? Kindly advice.

Friends, I am holding an option contract "OPT-NIFTY-26-Mar-2009-2600-PE" @ 124 . What strategy I needs to adopt for the same ? I mean can I hold it for 2/3 weeks ?? Kindly advice. Thanks.

I am new trader in Option segment. Currently holding the contract OPT-NIFTY-26-Mar-2009-2600-PE @ 124 . Kindly simplify the wordings and advice. Thanks.

What is the best strategi for tomorrow's (04th Feb 09) option ? Kindly advice. Thanks.