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.