We think today's rally was over done,market may open higher then go flat ,we closed all position futures @ 4760 and sold PUT @ 58.Took a profit of 6750 (excluding brokerage).Positional traders can wait with this position.We intraday traders moved on.
Closing movements of trade we took 4700 PUT @ 83 ,looking to BUY FUTURE @ 4700 levels(+/-20) ,for WRITE a OTM PUT (even 6600 PUT to get more premium )
HOLDING (1) 4700 PUT JAN CONTRACT @ 83 tgt 125(book only if any of below trade didn't occur )
WILL KEEP BUY FUTURE @ levels near to 4700
OR
SELL 6600 PUT @ 1900(which ever come first )
Market didn't move as anticipated,staying with same level for tomorrow too. \
* market flat to positive till now,looking to enter in 5600 PUT @ 860-890 instead of 6600
or Future @ 4710-4730 levels.
1/5/2012 8.p.m IST :(a)US market closing crucial
(b)FII started buying Indian Stocks is a positive news.
(c) buy on dip market till it stay above 4680 levels.
Will update in Market Hours
Closing movements of trade we took 4700 PUT @ 83 ,looking to BUY FUTURE @ 4700 levels(+/-20) ,for WRITE a OTM PUT (even 6600 PUT to get more premium )
Disclosure (Positions)
HOLDING (1) 4700 PUT JAN CONTRACT @ 83 tgt 125(book only if any of below trade didn't occur )
WILL KEEP BUY FUTURE @ levels near to 4700
OR
Market didn't move as anticipated,staying with same level for tomorrow too. \
* market flat to positive till now,looking to enter in 5600 PUT @ 860-890 instead of 6600
or Future @ 4710-4730 levels.
1/5/2012 8.p.m IST :(a)US market closing crucial
(b)FII started buying Indian Stocks is a positive news.
(c) buy on dip market till it stay above 4680 levels.
Will update in Market Hours
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