30-09-2008 Views

Hi, Yesterday all the world indices are down . Dow came down shedding maximum points in its history, making the financial markets of the world jittery. Nifty went up to 3999 and came down and finished at3850. Nifty may show little upward movement technically but to shed the gain again. My target is 3550 and 3500. Follow up: yesterday it was suggested to buy 3800 put and 4100 c with total investment around Rs15000/-.Now the position is under loss at Rs. 12295/-.However if the traders could sell both the options at their high they would have gained around Rs.1750/-. Since nifty has become very volatile due to the rejection of financial bail out plan by the US government the same position can be held. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.