hi friends,
Again somehow we breached 5050 on nifty in nice fashion but now u can clearly see the steam is getting exhausted.Still my logic and experience says we are heading up till 5150 and i am firm on that.
Lets us first reach there and start accumulating puts like 5300.so even in between markets reverses and starts downtrend then we are still saved.
Calls buyed earlier hold.
Puts holded on wrong sides exit.
On reaching 5170 zone write 5500 CALL writing and slowly steadily 5400 put buying.
I will tell you at what time to open shorts in full throttle.
Till then cautious approach continues.
bye
WB Ji,
ReplyDeleteThank you very much for your guidance. For example, today or tomorrow if market comes to 5000 or 4900 level, can we again buy some 5000CE there in small quantity for the 5150 target? Earlier made a 100& profit on 4900CE and wish to buy call with half of profit. But people are cautious ahead of crucial Europe meeting.
THANKS SIR FOR THE UPDATE
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