Guys yesterday I had short sold Oct Ce 5100 @ 70 Today it is @ 27.
In my Opinion one can Short sell Nov PE 4800 BETWEEN 85 - 115 (4 Lots) either Tomorrow or in the coming week as and when the price is breached.
1 lot @ 85.... 2nd Lot @ 95 .....3rd Lot @ 100 ...... 4th Lot @ 110 +
Stop Loss : Square up all positions if NIFTY breaches / closes below 4700 (Spot Price)
Thursday, October 22, 2009
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Guess this is too risky, one can buy NIFTY 4400 or 4500 PE to minimize risk in case makret falls shareply.
ReplyDeleteI suppose ur talikng of buying Nifty Nov PE 4400 or 4500 for hedging the short position. You will be losing out ...... In most probability it will close out worthless at expiry. I suppose maintaining strict stop loss will minimise the RISK
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