In recent times Indian Markets are clsoing following Global counterparts (especially Nikkei: Asian Counterparts). Though all the research reports says that the martket for the feb is weak but (Nifty at current levels 2843.10) here I see we can see markets testing 2920 odd levels once this month. I strongly feel this because there is no real news flowing in Indian Economy so people are neither optimistic nor pessimistic because of domestic factors.
My View is market to remain rangebound in and 2700 - 2920. Don't ask for charts :-)
My Suggestion trade with swings because market is giving easy oppurtiunities to earn. So we can even earn using naked Call and Put.
~Chetan.
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4 comments:
Hey Chetan,
It would be nice if we can run a regression and actually find out that when in the past Indian markets were following global cues and when did they act as if they were decoupled...
Yes we can surely do that after Mid Terms i will take up some data relating to few markets and will try to understand the relationship, but i will have to first search for the place where the whole data is available.
Hey chetan.. I think we can play a strategy here. we can buy 2700 put arnd 37 and 3100 call arnd 28 . both are out of the money .
i expect the markets to give a breakout either way (up - down). even a 200 pt breakout will give us the profit of around 30 bucks on a lot .
I have initiated a trade this way..
OPEN for suggestions.
HI today me,pasari,surana and gaurav were at guntis place. we all were watching the mkt movements at around 1.30. at around 2 when the markets started gaining positively we went short on the nifty coz the global cues were totally negative and there was always a cap on the nifty going up so we sold the nifty around 2733....the highest point of the day and squared the same at around 2718...!we make a lit more than 600 Rs.
About the service tax cut and customs duty cut extension:
S&P is currently looking to downgrade india due to fiscal deficit concerns....! if this downgrade happens in march...we can surely see nifty at 2200 levels.......2500 though is a major support area.....!
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