Monday, July 20, 2009

Indian market prediction - Intra day for july 20 trade 64



Nifty at 4436 up over 64 points. At some point during the day a significant correction may occur.
 
Buy 15 Nifty 440 puts at Rs 81 and another 15 at Rs 66 before 2.30 pm.Protect profits after gain of Rs 15 per lot
 
Further based on weekly outlook( not published separtely) market will tend to bounceback.hence long positions can be created on correction today which if not profitable by end of day likely to become profitable by/before mid week( a volatile week)

 
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