Nifty View 09-02-10 By Sheekha

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

i think so nifty can slips below 4770 too today

cac 40 down -0.30 now

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

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

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..

Thx for your valuable advice

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.

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

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!

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.

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

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.

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>

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.

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.