Nifty Options short strategy has been yielding money on expected lines ..... Every one following the blog must be aware of the same........ Jai Ho !
As already posted on 5 Sep that all short pe of strike price 4300 & 4400 will be liquidated at every rise above 4700 ...... I had done so .........sold / squared up at 10 & 16 respectively.
Also advise in advance will short sell 4900 ce & 5000 ce on rise.
Today was an excellent day to short both ce 4900 & 5000.
So any one who has not taken the position may short sell 4900 ce & 5000 ce if spot nifty reached any where near 4870-4890 levels in intraday. But be cautious....... Markets are reeling under profit booking on every rise & visibly looks tired thus I am thinking to short both ce 4900 & 5000.
As already discussed earlier I have initiated short positions after liquidating my short pe in CE 4900 @ 85 & CE 5000 @ 60 ( today closing 63 & 34) will try to cover up on any market correction of 50-100-150 points (Possibility is building up for Sure)......... Lets see or cover my short ( i.e SL) CE 4900 only if Spot NIFTY closes above 4900 on a closing basis .
On any correction will be liquidating / squaring off ...short CE 4900 & 5000 & fresh short in PE 4500 or 4600 as per risk to reward appetite will be initiated....... Pls be on a look OUT GUYS
Thursday, September 10, 2009
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