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- Oct 16, 2007
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Dear Friends,
Here is my weekly view:
Nifty has not yet managed to stay above 5400 levels. . This is Qtrly result season so we might expect volatility to continue for a while. Thechnically, there still exits resistance at higher levels as Nifty is in overbought zone.
Will reco. to write Nifty 5600 call and 5100 put of current series. Those of you who have written Nifty 5400 straddle could continue to hold it.
Regards
Here is my weekly view:
Nifty has not yet managed to stay above 5400 levels. . This is Qtrly result season so we might expect volatility to continue for a while. Thechnically, there still exits resistance at higher levels as Nifty is in overbought zone.
Will reco. to write Nifty 5600 call and 5100 put of current series. Those of you who have written Nifty 5400 straddle could continue to hold it.
Regards