Review: Intra day prediction for Indian stock market on Nov 13, 2009

25 nifty 5000 put options purchased at average price of Rs 94.5. Soon
after that nifty premiums rose to atleast Rs105 ( it is not possible
to verifty if it reached higher levels)

However there was an error in recommending buy at higher levels since
we follow a contrarian strategy of adding positions when market moves
in revese direction to predicted levels.However it does not effect the
outcome- profits were made by shorting.

Market as predicted continued upward movement after that

Prediction as posted during market hours(below)

> PLEASE IGNORE PREVIOUS PREDICTION AS WE QUOTED CALL PREMIUMS NOT PUT
> PREMIUMS.
>
> REVSIED PREDICTION IS
>
> Nifty up at 5010 with nifty 5000 PUT option at Rs 89 with high so far of Rs
> 125
> There is likely to be bout of significant correction in late afternoon
> between approx 2-3 pm but overall day trend may still be upwards.
>
> short 10 5000 put options now and another 15 at Rs 100 (before 2.30
> pm).protect a profit margin of Rs 10.
>
> --
>
> --
> Call 0-9971355662,(NRIs 0091-9971355662) or send SMS to subscribe to
> Intra day predictions of Indian, US stock markets and
> Bullion/Commodity futures-NCDEX.MCXIndia.See
> www.kalckalmembers.blogspot.com for details.Live Buy/Sell Calls are
> given on mobile site ckal.mobi and/or on www.twitter.com/sujatkamal
>

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Call 0-9971355662,(NRIs 0091-9971355662) or send SMS to subscribe to
Intra day predictions of Indian, US stock markets and
Bullion/Commodity futures-NCDEX.MCXIndia.See
www.kalckalmembers.blogspot.com for details.Live Buy/Sell Calls are
given on mobile site ckal.mobi and/or on www.twitter.com/sujatkamal