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NIFTY OVERBOUGHT @ CURRENT LEVELS.

NIFTY traded in -ve to flat Territory most of the time ,even after inflation figures it moved slowly ,but steady towards +ve near to close.We done an intraday trade  in NIFTY only.We will BUY a CALL OPTIONS if NIFTY if it break 4920 and sustain.

Today US Markets are closed for Martin Luther King Day,volume even in Indian Market was low compare to other day's.So we kept our positions open.


Positions

Bought S&P 500 1290 PUT @ 16.5.

Sold NIFTY FUTURE @ 4871  SL 4950 tgt 4745-4760.


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