Review: Intra day Prediction May 27 Indian Markets Trade no 32

The best option price was around Rs 33 in the prescribed time limit and Puts Trade in morning would have been profitable as sensex fell 125 poinst/Nifty over 40 points before 1 pm.

 

Specific recommendation for Long position was not posted for afternoon trade . As seen Sensex bounced over 300 points from afternoon low's

 

Both indices equally well in tandem contrary to our prediction
 

 

 

Prediction based trading as posted in two parts(below)

 

1. Pre market

 

Indian markets may correct or dip sharply(from any strong  postive start) before mid day before a sharp bounceback.

 

Long Position may be initiated upon any 100-150 point correction in sensex.( It is possible that snesex and nifty may perform differently today)

 

actual trade may be recommended after observing initial trade today

 

2. Post market opening

 

Nifty up at 4196. Nifty 4200 Put at rs 48 approx with day';s low at Rs 31

 

Buy 10+10 Puts at Rs 30 and Rs 25 if available  in next 60 mts. exit by  1 pm or earlier if profitt per lot is Rs 13 (Use  trailing stop loss of Rs 5)