Market Updates

Was Trying to take out time to write since two days but could not, we can cover all our puts, Don't be too much greedy 150 price Put now giving Rs 440 G8 man what can you ask more for, ppl thinking of getting 15-20% this is like more than 200% ....... i need to do more analysis before posting my next market call for now my suggestion is if your are in deep profit cover your positions fully and put very close stop losses for further positions... feels like we can take a stop near4000 levels as this would be a mentally tough to cross toward down side and market will take a breather around this position but still don't wan to suggest any buying for now ...once i am very sure about any call i will put forward my thoughts.

OPEC President given statement of Crude oil Hitting $170 in near future. so no relief expected.

market in very weak Sentiments

Updating the Market call ... those who had bought 4500 put and are holding keep your stop loss trailing currently i would suggest you to keep stop at 280 current market price 310 unrealized profit stands at 7500*number of lots. RBI hike is expected which can take market to be more negatively driven. Lots of negative news all together from all side had hammered market but it expected the market may take a breather for now so don't short more at this point and don't short blindly. Keep a trailing stops for the existing position and if taking fresh short position keep strict and small stop loss.

Market is like drunken man you never know where it is going to put the next step.

updating the Market call .. .. ..

The Inflation figures are out 11:05% worst ever...... :-( but as the good part for all who has taken the shorts its time to enjoy the Profits .... put 4500 strike Price our buying price was 150 current price 245 target given was 250 raise the stop loss to 230 and wait or book profit, those who have bought more than 1 lot book half lots now and put the trailing stop on remaining (Profit=5000* number of lots ) :-)

updating Market call

FIIs net sold stocks of worth Rs. 435 crores yesterday whereas DIIs net bought stocks of worth Rs. 193.6 crores, as per provisional figures. (Cash market figure).Global Cues = Negative. US markets sold off in overnight trade after worrisome results from Morgan Stanley, and FedEx. Dow Jones slipped 1.1%, and closed at the lowest level in last 3 months. S&P 500 closed down 1% and NASDAQ was off 1.1%. Thus market continues to be week for a while ... NEXT week meeting with the OPEC countries for boosting oil supply is due which can bring back the positive sentiment in the market, till then we make go and test 4450 levels again

Market call -> Any one who bought 4500 strike Nifty put at 150(Recomended in previous post) and below premium please update the stop loss to 180 ..... current Market Price 201...( unrealized gain 2500*number of Puts)

disclaimer:-Views expressed here are my own and should not be construed as financial advice in any way. Please do the necessary due diligence before entering any trade!

Current Market Scenario

The market seems to be very weak , Lot of volatility and concerns related to the Crude. Market seems to be correcting on the Nifty chart and i see it bouncing to the 4700 Levels and then again will be back in the trend downwards. I see market going to level of around 4400 and lower around next month . As the Crude Problem is not getting resolved any time sooner so i don't see market becoming bullish any time sooner. Companies Like GM, BMW and few other are investing in the Hydrogen Fueling technology in the Cars and heavy vehicle most Probably by 2013 they say they will be able to produce comercially the Car based on this technology giving the public sigh of relief, though this may not be cheaper than Petrol or desiel when it is Launched but atleast we will have an alternative to Crude based Product.

Market Call:- Buy the July Put of strick Price 4500 around Premium of 150 for the target of around 250 with a stop loss of 30 Rs.

disclaimer:-Views expressed are my own and should not be considered as financial advice in any way. Please do the necessary due diligence before entering any trade.