Buy 5200 PE - Oct 2012
Options & Futures FREE Tips - Buy 5200 PE - Oct 2012 in Derivatives - I bought 2 lots of 5200 PE - Oct 2012 on Friday (17th Aug 2012) at 65 ... Nifty looks ...
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Buy 5200 PE - Oct 2012

  1. Buy 5200 PE - Oct 2012

    I bought 2 lots of 5200 PE - Oct 2012 on Friday (17th Aug 2012) at 65 ...

    Nifty looks over-bought at current levels. There's also some bad news again with corruption with reports from CAG on coal field allotment.

    Unless Nifty crosses and holds above 5400, we could see some correction in the next few weeks. On the downside, Nifty could correct down to levels of 5000 to 5200 in the next few weeks.
    Its always good to buy with a target to book profits. I am looking at 200 .... There's 2 months time left with the options contract ...


  2. After the CAG news i closed all my open positions.. Waiting for monday to go long on nifty & Banknifty put which expires this month..

  3. Bought one more lot at 61 ... Expecting a short downfall soon ... Expiry is holding Nifty tight ... Remember, its October series that i bought and still there's a lot of time ...

  4. Mani... What would be the perspective on this after the ECB move ? Thanks..







  5. Quote Originally Posted by ramanathvenki View Post
    Mani... What would be the perspective on this after the ECB move ? Thanks..
    Global positive news from ECB has upset the negative trend and Nifty has bounced back. Trend still stays negative unless Nifty Crosses 5370 ...

    There is well over a month for Oct Expiry ... People with risk appetite can hold with SL in Nifty @ 5370 ... Others can exit now with minimal losses !

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