hai all,
the short trem trend of NIfty seems to be UP.but there are strong possibilities of FED hiking rates by 0.5% instead of 0.25% as thought earlier.this will be a negative signal for world markets.but a positive signal is that Bank of Japan may not hike rates on July 14th and may defer it to August.thats why we are seeing a rally, which can extend a few days in July.
RECOMMENDATION FOR THE WEEK ENDING 30TH JUNE 2006
1. BUY JULY 2900 PUT when Nifty is between 3250-3300
2. SELL JULY 3300 CALL when Nifty is around 3300, @ 30-40.
bye
ravi
the short trem trend of NIfty seems to be UP.but there are strong possibilities of FED hiking rates by 0.5% instead of 0.25% as thought earlier.this will be a negative signal for world markets.but a positive signal is that Bank of Japan may not hike rates on July 14th and may defer it to August.thats why we are seeing a rally, which can extend a few days in July.
RECOMMENDATION FOR THE WEEK ENDING 30TH JUNE 2006
1. BUY JULY 2900 PUT when Nifty is between 3250-3300
2. SELL JULY 3300 CALL when Nifty is around 3300, @ 30-40.
bye
ravi