Any one holding short positions in PE 4800 should maintain stop loss @ Nifty 4700 spot on closing basis.
I also have the following short positions : -
Nifty 4700 Pe @ 80-90 & Nifty 4900 PE @ 185 - 205
Any one wishing to short safe can do so by taking short positions in Nifty PE 4600 @ 50-80
We have seen 4-5 days of SWIFT CORRECTION.
It is time now for the market to make a COME BACK probably in a day or two.... Very LIKELY TOMORROW.
Thursday, October 29, 2009
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