Friday, May 23, 2008

square off Trade 40- monthly prediction

Refer to Trade 40 few weeks back. May 5100 Puts one lot purchased at rs 141 as indicator of monthly prediction ( downtrend). Premium now is over 157.with nifty down over 57 points

 

Square off the trade 40 at a small profit of rs 600 after brokerage.

 

 

Trade 59 not executed as price target not met though downward trend has dominated since posting of prediction

 

 

 
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