Profit?: weekly prediction update: Indian market prediction-july 22

Premium on nifty puts 4600 has now risen to Rs 193 with unbooked profit of Rs 35000. In actual trading such profits would need to be booked. However since weekly predictions scope for further downside, we will wait for the entire prediction to be work out

Prediction-strategy as posted around/before noon:

 

 

Nifty has touched a high of 4550 and as indicated in weekly outllok markets will touch highs during mid week.

 

In remaining days significant correction ( intra day ?) may occur. Buy 10 4600 Puts at rs 122( present) and another 10 before thursday close at Rs 95 or lower( day lowest so far today is 103)

 

Pls note due to approaching expiry of july series premium may deteriorate fast even though prediction of correction may turn out true

 

Weekly outlook/Prediction as Posted on Monday July 20(below)

 

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)