Obama has become 44th president of United States of America. He has inherited worst economy from Bush.What he is going to do to America? What is he going to do to help India? Dow came below the 8000 level on the inauguration day!
My feeling is that the investors may get shares of good companies at prices less than what is now.Day traders will have more chances to make money.
Nifty has closed just below 2800. Resistance will be at 2813,2870and 2930. Support will be at 2700,2690,2650,2612,2560 We can buy 2800 c and 2800 put and it is good to book profit if this straddle is in profit.
Disclaimer: Please take trading position based on your own analysis. The suggestion given above may not yield profit and the author is not responsible for any loss.
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