NIFTY bang on!!!!after 3.00 p.m 5300 puts were up by 45%....hope all the 5300 put buyers and 5600 call writers enjoyed their profits...the bulls had a really bad day today as the premier league banking stocks fell including SBI and ICICI...
Herohonda is breaking all the support levels and now you would have realised why did i tell to book your profit in Herohonda at 1920 - 1930 levels (read my previous posts)
Trading strategies
If you already have 2 puts of 5200 or 5300 ...sell one of them and exit the next postion at 5350 - 5360 levels (if the targets are revised, i'll let you know)
wait for buying opportunuites in Hero honda...and SBI if it comes back to 2700 levels(a little bit difficult, but a deeper correction would make it possible)
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