NIFTY options trading strategies for november 14th november 2011

hi friends,

               I am back,I was busy since last few days so was not able to contact you.Again i wud advice you to view my earlier posts to get an idea as to where we are in terms of global picture on nifty and then trade according to your view on nifty as daily weekly or monthly.

Back to Business as told by me NIFTY had a major support near 5200 zone and break of 5200 was signal for all CALL buyers to exit.and short new calls or buy PUTS.

So now as told by me Short 5500 DEC CALL on nifty or buyers can buy 5000 DEC put yes not November.November series hardly any time is left and it will go on decaying the time premium.

Going ahead fall has started which has support at 5160 and 5050.So one can wait and watch whether it holds but short term traders can surely play for small points..buy DEC 5200 put and square off at 5050 or else 5050 breaks buy 4600 puts .


happy trading .Your comments are expected.