Need an advice

I cleared my CPT in December 2010 n have registered for IPCC.I am also doing MCOM exams of which are are held in May.I am currently preparing for MCOM exams n will start preparing for IPCC only after MCOM exams.so I'll only have 5 months for that.so if everything goes right I am planning to give group-1 exams in Nov n group-II in May next year.the problem s that dates of IPCC exams n MCOM exams are almost certain to clash,can anything be done about that.?

if not,I have 3 options

a)give my group-1 exams in Nov n hope exams dont clash,but that is very unlikely,hopefully something can be done about that.if cleared it would give me about 2-5 yrs to prepare for CA Finals.but I dont wanna miss my MCOM exams at any cost

b)go for broke n give both groups exams in Nov this year itself.my cousin whos a CA suggested me this.he feels I can do both of them at once.but I am not at all confident of that,because I am an average student n not one of those who study all day.the max I can study is 10 hours a day.I dont wanna mess up my chances of clearing even group-1.now the question is if I appear for both groups in Nov n fail in a group-II exam,would I be deemed to have cleared group-1 or would I have to do it all  over again?if group-1 is considered cleared then I may give it a thought n study more for group-1 n less for group-2.if I get lucky n clear both groups,it'll give me 3 yrs for my first attempt at CA finals.its very tempting thought

c)third option is safest option.give group-1 in Nov this year n give group-2 in Nov next year.again the question is will I have to appear for only group-2 exams in Nov next year according to this option.or will my skip in May 2012 will be onsidered a failed attempt n I would have to do both groups again?.  this option will give me 1.5 yrs to prepare before I'll be elgible for first attempt at finals.I dont know if that would be enough,as I know its very tough n I'm just average student

I'm really confused.please advise what to do?I am sorry for bringing my personal confusion here,but I didnt get any better place to get advise.

thanks in advance