Last week was awful. An option writer like us should never even dream such week. Sentiments are still very much positive. Buy on dip seems to be mantra for success.
But one should cautious here before any fresh trade. Buying is risky and selling would be suicidal, hence we will not take any new trade for some time. Try to exit all CALL sell positions at appropriate levels one by one.
Roll over also should be very selective, one can take small risk by selling CALLs of NIFTY 6600, 6700 of April expiry.
Try to hold everything till euphoria settles.
Market and especially FIIs are undermining battle for Crimea, not considering possibility of hung parliament in power in May and more importantly completion of FED tapering.
In just 15 trading sessions, NIFTY had covered 550 points and that too at higher end of the range so one should be very careful and stock specific.
Perhaps it is good time to take profit of the table and see for better opportunity to reenter later. This all could see some small correction and close below 6400 by March expiry.
In short, no new trades, try and hold, do selective roll over next week. Patience is the best technique in such difficult times.
Disclaimer: This blog does not take any responsibility of your profit/loss
But one should cautious here before any fresh trade. Buying is risky and selling would be suicidal, hence we will not take any new trade for some time. Try to exit all CALL sell positions at appropriate levels one by one.
Roll over also should be very selective, one can take small risk by selling CALLs of NIFTY 6600, 6700 of April expiry.
Try to hold everything till euphoria settles.
Market and especially FIIs are undermining battle for Crimea, not considering possibility of hung parliament in power in May and more importantly completion of FED tapering.
In just 15 trading sessions, NIFTY had covered 550 points and that too at higher end of the range so one should be very careful and stock specific.
Perhaps it is good time to take profit of the table and see for better opportunity to reenter later. This all could see some small correction and close below 6400 by March expiry.
In short, no new trades, try and hold, do selective roll over next week. Patience is the best technique in such difficult times.
Disclaimer: This blog does not take any responsibility of your profit/loss
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