A dull day for the market ....at 5500 levels you could see the attack from bears...anyway the maximum up swings of the market can go upto 5533 - 5550 levels for the short term and 5615 as of now...so my strategy would be buy stocks for intraday with a 5100 put buy position...the uncertainty lies between Reliance and NIFTY and these were moving in opposite directions till now...When these two start moving in the same direction we can determine the trend
As i was telling all these days as long as 9925 is taken out for Dow ...the trend is not so weak for U S market...but the upside seems to be capped at 5533-5540 for Indian markets....
It is always advisable to go for intraday buy with 5100 put position...
Our first strategy would have ended yesterday (5300 put, 5600 call)and it had given at least 50% return to the investors....
Next strategy would be posted within a few days
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