3-11-2008 Views

Hi, Hope investers enjoyed profit following the straddle sugestion during month of October. Now nifty is looking up. But this is momentary. Nifty has to cross 3250 to become strong. Nifty will have to cross above 2920 to show short term up ward movement. It will face stiff resistance at3000 and come to as low as2000 and 1800. To cash the short term uptrend we can buy 2900 call at low and sell 3200 call option at high and carry through. But it is prudent if the position is closed when profit is seen. Wish you a prosperous trading. Disclaimer: Please take trading position based on your own analysis. The sugestion given above maynot yield profit and the author is not responsible for any loss.