Free Stock tips , Nifty Options , Mutual Fund picks , SIP , Penny Stocks , Multi Baggers ,

Due to the holy month of RAMADAN I had not been able to update my blog on time.
Let us recap :

With a intraday correction in nifty of around 50-100 as already indicated in my last post on 10 Sep 09 Short sold CE 4900 & 5000 was to be squared up at 25 & 40 respectively.

Now if ur are willing to take risk then I would suggest : -

Short sell Oct 5100 @ 130-150
Sell Oct 5200 @ 65 - 80

& if Willing to take a GREATER RISK ( Though risk to reward tilted towards a GooD REWARD)
Then SHORT SELL OCT 5000 CE @ 190-210.

Let me also disclose that I have bought 200 qty 4900 PE @ 32 TODAY ( Though instead of 4900pe I should have bought pe 5000 @ 50) as I am expecting the nifty to close between 4800-4900 . I will square off as soon as I get 20-30 odd profit in possibly intraday move or on downward closing. I could also loose 32 points but it could also prove to be jack pot.