Option Strategy Follow-up (Feb -22)

This is the follow-up of the strategy discussed here.(Maximize Your Returns using Options)
On Jan 29 I have these options in my hand (See the post on Jan 29 here)

4600 Put option at a premium of 70Rs (x number) (breakeven 4530)
4500 Put option at a premium of 35Rs (5x number)(breakeven 4465)
4400 Put option at a premium of 23Rs (10x number)(breakeven 4377)

The current value of these options are given as under

25th Feb is the expiry date of all these options and I expect all these options to expire unexercised (i.e. reach the value of zero). Nifty current value is 4856.

What is the strategy for this month?

This month start the best strategy is to do nothingJ. This is because there is an event budget that is approaching us. It will be good if we apply our strategy after the budget.
Here there are two scenarios
1) FM presents a market friendly budget
In which case the market will rally towards 5100-5200 range.
Sell March 5500, 5600 call options along with April 5700 and 5800 call options
Refer this space for more about that strategy and how much you should sell.
2) FM presents a very bad budget for the market
In which case I expect the market to retrace towards 4500 range. Here the advisable strategy is to sell April 4000 puts