Thursday, July 30, 2009

Indian market prediction - Intra day for july 30-Trade 67

Nifty up just 2-3 points after a volatile session. It seems that a peak wil be reaached in afternoon ( possibly 12.30-1.30  pm) and then another sharp fall in afternoon may follow but may bounce back
 
Buy 30 (20+10) Nifty 4600 Puts(july series) at rs ( 60+50)( now ta Rs 86).Protect profit after average gain of Rs 18 per lot.Square off this position today itself(see below)
 
Although weekly prediction was not posted for this week, it seems likely a sharp bounceback may occur on friday. henc e buy aug call options till july 31.Intra day for july 31 may be posted later

 
[Valid Atom 1.0]