Based on current situation, following levels are very attractive in NIFTY to trade from buy side. 8250 first and 8000 second. Those who are currently short or planning to short on bounce should target these levels as take profit targets. We are short via puts and will add more during bounce toward 8750. 8750 / 8800 should provide good place to enter fresh shorts if you have missed.
In short, strategy is to be short on bounce with target of 8250 / 8000 in coming sessions and then reverse. Need to be cautious at the time of buying though because it depends upon the circumstances at that time. But with everything else equal, 8000 / 8200 can be worth couple of 100 points trade in NIFTY .