Review: Intra day Prediction for Indian stock markets for Sept 22, 2009

see intra day chart and prediction below.

 

Total 35 puts purchased at rs 19.85 average price. premium reached Rs 28-29 on late afternoon during temproary correction. closing premium rs 20

 

However fact is correction was not  severe as expected and peak was also in late afternoon.

Prediction as posted during mrket hours:

There may be volatility today.nifty up 37 points at 5013 andmay go up higher around noon time.

 

Buy 10 nifty 5000 puts  at current 27 and another 25 at Rs 17.(day low is rs 25)

 

Commodity calls may be given later for certain metals and oil