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

As seen in chart Nifty hit previous day's clsoing value of 4513 hence nifty Put 4600 premium would have risen to atleast Rs 87. Assuming only 20 puts were pruchased- profit would be at least Rs 18000-maximum Rs 27000.

 

Pls note: part of weekly prediction as posted today( call to buy till tommorrow) will not be reviewed since  no buying price was recommended.

Prediction as posted in morning(below)

 

 

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