update: trade 106: Predictions for the week- dec 1-5

Nifty 2900 call premium at rs 52 with day lowest so far at around 41. Add three lots -1 at current premium, 2 at limit price of 40 and last one at 35.

 

PS: pls note in view of official recognition of US being  in recession these predictions are counter to market sentiments and involve higher risk
 

 

 

 

 

Market likely to bounceback by midweek ( tuesday or wednesday)

 

Buy 3 nifty 2900 calls at current premium of rs 70 and may add further calls options on correction on dec 2.

 

protect profits after premium advantage of rs 15 per lot( after brokerage)