We exited from the put opiont today at 60, fetching Rs20/lot in the option, although the exit call could not be given in the blog due to delay from my side.I was myself busy in the market and forgot to post the exit call from the option.It was a busy day today.
I would like to mention a few things about the calls given on this blog in the end of day of the market.All targets given are for your information only, once your initiate a buy/sell on any of the calls either for equities or for futures or for options, please make sure when you are in profit dont wait for the targets, as i might sometimes forget the exit call post on this blog.
Also please remember to follow/apply stop loss.
And lastly i am giving all this information on the basis of technical analysis and my 8yrs experience.
Now lets come back to options, why i exited from the 5100 put at 60, is because, the indian stock market at present is going through a phase of uncertainity in trend, as the world markets are itself moving in a sideways manner, also since this is an OTM put, which means Out of the money put option, which has mainly time value, its price will fall fast if Nifty remains in a small range.I dont see much trend in coming days, but yes Friday 15th 2010 is an important day to watch.
No comments:
Post a Comment