Buy 5400 jan put below 8 sl 00 target 80++++ till jan expiry
My logic behind this one is
I am feeling Nifty arond 5900 till Dec expiry.And on 5900 this put will rise to 24++ and i will book one of my lot near to 16-18 level and will hold the other lot with no loss call.
I am feeling some major correction should come this month as our economy is not supporting this rally of new high.
And This time RBI has an option to take some stuff decision.
Fed data may again give us some more downside.
So logic is simple buy and sell half at double price and hold the rest for positional with no fear of loss.
BREAKING NEWS !!! FED HINTS THAT SMALL TAPERING TO START NEXT WEEK IN DEC 2013 ITSELF. EVERY RALLY IS A SALE NOW.
news comes to support this one.