20th February 2009
- Intraday Call : Sell Reliance Ind 1242 stop 1256 tar 1222. ( 2.10 p.m.)
- Straddle Strategy is a net debit strategy. Net debit = Rs 56 + 38 = 94 Rs. Maximum, Loss in the strategy Rs 94. Maximum Profit in unlimited to the extent on nifty above 2794 or below 2606. ( 12.08 p.m.)
- Long Straddle Strategy for Option Players : Buy Nifty Call Option Of strike price 2700 @ 56 & Buy Nifty Put Option Of Strike Price 2700 @ 38. ( Both AT THE MONEY ). HOLD TILL EXPIRY. ( 11.58 a.m.)
- Paid Members: Nifty Fut 2721.Be long looking good. Sell only if sustians below 2709 for 2 to 3 min. ( 11.40 p.m.)
- Market View : Markets are trading at Important Support levels. The weekly charts indicates market are on egde of a major downside breakout but volumes no do not support as they are less for the week. Markets likely to be range bound due to weekly close. Be cautious & avoid any aggressive positions on either side. Today the no. of calls will be reduced.