sensex prediction for Mondday April 16,2007

Sensex prediction for Monday April 16,2007 ( Today's prediction classified as high risk)

" Market may be quite volatile today and may not follow the good global cues today in all respects. In particular sharp fall after a possible strong opening is possible around mid day but market will recover mid day losses to an extent.

Strategy1 : Short Nifty ( buy puts) on strong opening in morning with trailing stop loss as market will recover towards the late afternoon.

Strategy 2:Buy Nifty calls around mid day( post noon) if market has fallen and strategy 1 has been successful

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