About Me

Chennai, Tamil nadu, India

Friday 24 October, 2008

24-10-2008 Views

Hi, I was busy and could not write my views in this blog. The bears are having gala time and now their position is becoming little unsecured. No one can say when the bulls will take upper hand? The world indices are showing that there is still time to think about the recovery. Nifty may go down to 2900 level and look up. If Nifty moves above 3000-3070 range some uptrend may be seen. Above 3070 nifty may travel to 3550 and above to 3774.Down side it may touch 2500 initially, then take support at 2450 and rebound. My gut feeling is the correction from 3070- 3550 level will take nifty to 2000 level where we can see some fast movements upwards. FOLLOW UP: In my last posting I had suggested to consider buying straddle. IF those invested would have got good profit. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

Tuesday 7 October, 2008

7-10-2008 Views

Hi, Nifty has behaved as it was predicted 30-9-2008. The nifty came down to 3800 and below to 3600. Now nifty may rebound. If not Nifty may come down to 3550 then 3500. If bears start covering up at these levels Nifty will be taken to 3700 levels. The author is of view that Nifty will go up only if Reliance moves up.Again we have to keep in mind that the true bottom has not been reached. Follow up: 3800 put Open Price 178.00 High Price 284.00 Low Price 178.00 Last Price 259.90 4100 call Open Price 39.80 High Price 45.00 Low Price 25.20 Last Price 30.60 Option I: Now the investors can sell 3800 put. If the market goes down near 3500 and buy another straddle of 3500 put and 3500 call. Option II:Buy 3600put and 3600 call. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

Friday 3 October, 2008

03-10-2008 Views

Hi, Nifty shed some of its Tuesday gain and closed at 3950.75. the author holds the same view as of 1-10-2008 Views.To add to the voes the Dow lost 348 points and Asian market most of the important Asian markets are yet to open. Then only we will know how this bailout is taken. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

03-10-2008 Views

Wednesday 1 October, 2008

01-10-2008 Views

Hi, Nifty closed 75 points up at 3921. The world indices have closed positive and Asian market is showing upward sign. On 30 September nifty touched 3715 at lower side and 3966.85 on higher side.If nifty goes above 4000 it may touch 4190 and react. Unless it crosses 4600 Nifty will be considered bearish only.Every high is an opportunity for short trade. FOLLOW UP: 3800 put went up to 214 and closed 130 low was 100 4100 call went up to119.70 and closed 102.10 low was 52.30 The position is in loosing position only .However at high the yield is around RS.1650 The other costs are not included. DISCLAIMER: THE READERS SHOULD TAKE DECISION AFTER FOLLOWING THEIR OWN ANALYSIS. THE AUTHOR CAN BE NOWAY HELD RESPONSIBLE FOR ANY LOSSES.

Indivdual company of NIFTY50

INDIVIDUAL COMPANY OF NIFTY50.





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INDIVIDUAL COMPANY IN NIFTY JUNIOR

NIFTY JUNIOR.




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