Morning Trading Strategies – India August 21-24, 2012

 

A rain shortened test match if you will, we have four days left in the week and three days to expiry and dutifully, 5400 puts have been sold for the best including yours truly. The rest of the week may indeed become suspenseful as it is unlikely to close above 5400 per se, the select club inside trying to see this as reason to break the market and for you to trade intra day right now will be contra indicated despite any comfortable SEBI and P Chidambaram pronouncements. Sell at nearer 5330 than at 5375 if you want to be safe (August Puts of 5400 strike)

 

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