A bad day in market when your bearish,still hold position in sell side and taken losses for the day,added 4900 PUT to current position @ 34.6 .
Why i didn't exited position today(17.1.2012) ?
a,Yesterdays movement of NIFTY was with out much volume.
b,This pull back started from midcap to Large cap.(good pull backs start from large caps and extend to midcap and smallcap.)
c,S&P 500 rallied 7 days in 9 trading days(till yesterday)due for correction which will trigger global correction .
Why i didn't exited position today(17.1.2012) ?
a,Yesterdays movement of NIFTY was with out much volume.
b,This pull back started from midcap to Large cap.(good pull backs start from large caps and extend to midcap and smallcap.)
c,S&P 500 rallied 7 days in 9 trading days(till yesterday)due for correction which will trigger global correction .
Disclosure (Positions)
BUY on S&P 500 1290 PUT @ 16.5.
SELL on NIFTY FUTURE @ 4871
BUY 4900 put @34.6
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