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Nifty View 09-02-10 By Sheekha

From : Sheekha Sanghavi at 11:19 AM - Feb 09, 2010 (24 months ago)
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I am really very busy with my studies. So just leaving my view in hurry.

Today market wont sustain above 4800 level.

I have shorted NF at 4789.

Will average with more lots above 4800 level

Thanks!



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From : Kamal Kale at 11:48 AM - Feb 10, 2010 (24 months ago)


hi sheekha, thanks for your great advice.......... i have also short nifty @4800 and hold with sl 4850.........what is your tgt in near days.





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From : Sheekha Sanghavi at 09:57 PM - Feb 09, 2010 (24 months ago)


Jawed...nifty will surely come down. If you are playing with NF then you need to keep sufficient margin ready in case position goes in wrong way. But that is the beauty of NF over OPTIONs. Here you do not have danger of premium decay when expiry comes near. I guess you will surely get chance very soon to close ur position in profit. Most probably this week itself.





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From : Jawed Iqbal at 09:31 PM - Feb 09, 2010 (24 months ago)


sheekha i dont like to keep any holding there was not other way for me either book a heavy loss or keep it hold. So just give me advice. Should i hold it for some more days because i beleive that once nifty will come down before budget>





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From : Sheekha Sanghavi at 09:22 PM - Feb 09, 2010 (24 months ago)


Vishal i myself STRONGLY hate to buy deep OTM calls. You bought it just bcoz you got it cheap? Bad habit.....Play with ITM options & that too intra-day.





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From : Vishal Kumar at 09:18 PM - Feb 09, 2010 (24 months ago)


sheekha ji hii, i bought ce5100 @ 15 and ce 5300@ 5 , should i hold???





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From : Sheekha Sanghavi at 09:17 PM - Feb 09, 2010 (24 months ago)


Shyam...nifty is always better than OPTIONs......Specially your strategy of playing in deep OTM options seems risky. i am not challenging that NF wont touch 5k level again but we have few trading sessions in Feb & so premium erosion problem will come into effect.





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From : Sheekha Sanghavi at 09:14 PM - Feb 09, 2010 (24 months ago)


Jawed...if you expect tomorrow would be GAP UP then there wasnt any need to carry ur shorts...Anyway, good luck for your trade.. Tomorrow i wont be available as i have to attend classes full day!





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From : Jawed Iqbal at 03:40 PM - Feb 09, 2010 (24 months ago)


Sheekha as per my calculation Nify once can touch 4750 again thats why I hold my 2 lots short @4770 Tomorrow if i get a chance i will square off.It is expected that Market will open with gap up because Dow Jones future is +0.67 now> you are also advised to watch this site for Dow Jones future it open 24 hours and our market take influenced Dow Jones Future even Asian market open green mostly dow Jones future preferable the site is www.bloomberg.com It fresh Atomically. Regards JAWED





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From : Sheekha Sanghavi at 03:30 PM - Feb 09, 2010 (24 months ago)


Jawed..i just closed my position...no time even to see the price at which it got squared off...will catch u later! Profit is less but is surely better than NO LOSS.





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From : Jawed Iqbal at 02:12 PM - Feb 09, 2010 (24 months ago)


Thx for your valuable advice





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From : Sheekha Sanghavi at 02:08 PM - Feb 09, 2010 (24 months ago)


Jawedbhai...if i am carrying 8 lots then even 20 points would b sufficient for me coz my total gain will be of 160 points..now you have to decide how much you have bought n where to close off..





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From : Jawed Iqbal at 02:05 PM - Feb 09, 2010 (24 months ago)


im in short position now at what level should i booked profit





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From : Sheekha Sanghavi at 02:03 PM - Feb 09, 2010 (24 months ago)


4 more NF lots got executed at 4815........this is SHORT position





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From : Jawed Iqbal at 01:43 PM - Feb 09, 2010 (24 months ago)


cac 40 down -0.30 now





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From : Jawed Iqbal at 01:42 PM - Feb 09, 2010 (24 months ago)


i think so nifty can slips below 4770 too today





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From : Sheekha Sanghavi at 01:04 PM - Feb 09, 2010 (24 months ago)


Again i am SHORT at 4805....will keep on averaging above this level....expecting closing below 4775





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From : Jawed Iqbal at 12:28 PM - Feb 09, 2010 (24 months ago)


Any way according to my strategy Nifty can not sustain above 4800 level today





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From : Jawed Iqbal at 12:25 PM - Feb 09, 2010 (24 months ago)


if European market open positively NF cross 4800+





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From : Jawed Iqbal at 12:24 PM - Feb 09, 2010 (24 months ago)


i think if European market open gap down NF can touch again 4750/40





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From : Syam Nair at 11:58 AM - Feb 09, 2010 (24 months ago)


WHY SHORT NIFTY??BUY 4600PUT NEAR TO 4780...MUCH MORE PROFITABLE THAN SELLING NIFTY....




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