Option buying is super simple, inherently risk managed with no cap on profits 
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One of my reasons for considering Bank Nifty is also its intraday volatility, which I think gives me a better chance to shift positions without compromising too much on the final premium gained, even when taking intraday loss. Again going back to my earlier example, lets say I had sold put options for 34500. But now market moves down and nearing 35000 with 2 more days left in expiry. Chances of it closing below my strike price also goes up. But I also get a new opportunity to reduce my risk by selling say a 34300 or 34200 put option at a similar premium as I originally sold 34500 and I can close/reduce my open position on 34500 with small loss (say a Rs 30-50 on 1 lot. So lets say, I take a hit of 3-5K for completely shifting my position from 34500 to 34300, but I will have better odd to get the full premium on expiry. But in Nifty, the premium is much lower for deep OTM strike prices. So I will be taking a substantial hit if I shift my position. At least, that is what I think looking at deep OTM strike prices for PUT options of Nifty and Bank Nifty.
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OK. But don’t go for naked puts selling. Go with hedge of 500 points away in Banknifty.
Don’t do paper trade. Start practicing with 1 lot. Paper trade will give you very minimal experience in terms of M2M, and adjustments since no real money is involved.
I believe you can do 1 lot selling with hedge for approx 25-30K Banknifty if I’m not wrong.