Summarizing tough pls add your inputs.
1) FInd out support / resistance through OI.
FOr position use OI/ Intraday chg in OI.
2) Take position short outside support/resistance.
3) Take long positions when resistance/support is reached
4) Use adjustments to manage your trade.
Toughs explanations have been very clear. Also further enlightened by this wonderful thread which you can check.
http://www.traderji.com/trading-diary/88670-nifty-options-trading-raj.html