In 2008 ,when most people try to understand mean of "Recession",it was almost end.Main difference was Rupee,in 2008 bear market it appreciated to 38 levels and now in 2011 it depreciated to 53/$,situation in 2008 hit more employed personals than a common man because they can't ask increase in salary & incentives especially if he is working in a foreign Company.Now Inflationary pressures are more,upper middle class is safe in 2011,than 2008.
December 13th optimism helped market to move to 4840 levels before it was hit again by bad global clues and bit more than expected inflation.Positive point was FII didn't sell that much (Maybe they see RBI action closer to 53/$ in Rupee,and market stayed above 4750 in closing basis.
Disclosure (Positions)
HOLDING 5000 CALL (Till Expiry or 78 Tgt Hit).
WILL BUY S&P 500 1200 CALL between 12-17 (DEC Contract).
December 13th optimism helped market to move to 4840 levels before it was hit again by bad global clues and bit more than expected inflation.Positive point was FII didn't sell that much (Maybe they see RBI action closer to 53/$ in Rupee,and market stayed above 4750 in closing basis.
Disclosure (Positions)
HOLDING 5000 CALL (Till Expiry or 78 Tgt Hit).
WILL BUY S&P 500 1200 CALL between 12-17 (DEC Contract).
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