iCharts Discussions

[veerappan]

hi,
nifty not able to cross 4545... its a major resistence for this week... next expiery is coming.... from the market call writers are more... so market may not go up... and the same time maximum stocks given sell signal in day charts... in september we may c major fall as per current market ....it may test 3600-3500 range... whenever if the nifty touches suppose touches 4600-4700 range ...septemper puts will be availalbe in cheap rates ...take a chance of 3900-4000 puts @ 20-35 rupees range...just buy 400-500 shares not lots... take a chance....if it falls 3600 range u will get the good money... down side risk is 8000-12000 rupees... upside who knows...if it s bigger fall then u will get more....

bye
veeru.
chennai.

[rj2900]

Hi!
You are absolutely right. One must have guts to take risk and this much of risk is absolutely negligible as there is no match of profil loss ratio.

Raejsh

[amitkbaid1008]

Thanks Veeru for your valuable advice.

[shekharinvest]

Veeru,

Nice to see you post in the Forum.

You have presented a scary scenario. What do you expect 3500 - 3600 will be bottom or it will go down further.

Started learning Options from Anand. Until then only following your calls on OPTIONS.

SHEKHAR