Wednesday, 6 March 2013

No further analysis this week

NIFTY went up, PFC went up, IFCI did not reach buying range. Nothing worked today. Such a mega event was not expected.
Still holding PFC Put 190 option. Hoping again it to come down in the range of 8-9 where there cold be at least break-even.
When nothing works in your favor, one should sit back, relax. I am not doing any trade and analysis for rest of the week.
It seems no harm yet in holding Call sell positions advised earlier. NIFTY 6100 CALL option of April will be now at very attractive price. Today all markets were up and impact will definitely last tomorrow. If that happens 6100 April CALL will be available around 25-30. It is worth selling 6100 April CALL.
If 6200 April CALL is available around 15, it is also good deal and one can sell 6200 April CALL.
Sell Reliance 900 Call at 4.5. These all appear to be safe.

So wait and watch market movement. Next post will be over weekend.

Disclaimer: This blog does not take any responsibility of our profit/loss 

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