August 29, 2013
Time: 1.10 pm
Mid Market Report 3:
1. Bank Nifty has been trading around 9875 for more than an hour.
2. Buy 9000 Call option at Rs 13 and place stop loss at Rs 5.
3. You will be rewarded richly if there is any short covering.
4. There were expiries when Bank Nifty shot up by 300 to 400 points in this type of markets.
Important:
Market has been trading between 5360 and 5370 for nearly an hour.
This can not continue.
This is the sign that the market will move aggressively in either direction.
Still futures are trading at discount.
That shows that there may still be more shorts.
The probability of market moving higher is high.
Please square up all 5200 Put, 5300 Put and 5400 Call.
Time: 1.10 pm
Mid Market Report 3:
1. Bank Nifty has been trading around 9875 for more than an hour.
2. Buy 9000 Call option at Rs 13 and place stop loss at Rs 5.
3. You will be rewarded richly if there is any short covering.
4. There were expiries when Bank Nifty shot up by 300 to 400 points in this type of markets.
Important:
Market has been trading between 5360 and 5370 for nearly an hour.
This can not continue.
This is the sign that the market will move aggressively in either direction.
Still futures are trading at discount.
That shows that there may still be more shorts.
The probability of market moving higher is high.
Please square up all 5200 Put, 5300 Put and 5400 Call.
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