Wednesday 31-12-2008

Nifty Trader

Previous Close - 2979.50

Pivot - 2959

Supports - 2929, 2860, 2820

Resistances - 3020, 3060, 3120

Expect a flat to positive opening of +20-25 points

Tuesday 30-12-2008

Last calls wrap-up
Buy Jan Nifty 3200 CE at 116-117
Buy Jan Nifty 3000 PE at 125-126 ==================================================
Total premium paid ---> 126+117 = 243
Booked Nifty 3000 PE at 240-245
So now our Nifty 3200 CE trading near 48-50 levels is our profit.
Basically on an investment of 245 we are earning 48-50 Rs in less than 10 days.
One can calculate the returns percentage wise.
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SBI 1320 CA given yesterday did a high of 62. Thats double overnight. Book profits or trail stop loss. Call closed from my side.

Tuesday 30-12-2008

Nifty Trader

Previous Close - 2922.20

Pivot - 2888

Supports - 2845, 2770, 2727

Resistances - 2965, 3003, 3080

Expect a flat to positive opening by +20-25 points

Monday 29-12-2008

Risky Trades

One can buy

RIL 1320 CA between 25-30

SBI 1320 CA between 28-32

Try to buy at lowest prices possible

Options call

Book Nifty 3000 PE between 240-245 or more and hold the Nifty 3200 Call. This way our entire cost is recovered by selling the put. Holding the free call now

Monday 29-12-2008

Nifty Trader

Previous Close - 2857.25

Pivot - 2887

Supports - 2815, 2770, 2700

Resistances - 2930, 3003, 3045

Expect a flat to negative opening

Friday 26-12-2008

Nifty Trader

Previous Close - 2916.85

Pivot - 2928

Supports - 2888, 2860, 2820

Resistances - 2956, 2995, 3025

Expect a flat to positive opening