Trade 69: Intra weekly June 4-6 2008

 

Nifty and sensex have recovered and are down about -22 and 55 points. In line with our weekly prediction ( not posted) we recommend

 

 

Buy 5 Nifty 4800 June puts at  current premium of 190 and another 20 at limit price of Rs 174.

 

Once an advantage of Rs 25 has been created per lot on average price , protect profits at Rs 19  and keeping trailing loss of Rs 6. You may need to hold till Friday thoigh profits may  appear before that

 

Disclaimer: all risk to be borne by traders/investors. Please note no separate intra day prediction has been done.

 

 

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