TREND IS STILL UP. TRADING RANGE WILL BE PROBABLY BETWEEN 5201-5284.
GO LONG WITH NIFTY FUTURE AROUND 5241 AND EXIT AROUND 5250-5255. AT THE SAME TIME BUY NIFTY 5200 PE TO HEDGE YOUR LONG IN NIFTY FUTURE. WHICHEVER GIVES YOU A DECENT PROFIT (UNDER YOUR DESCRETION) BOOK FIRST AND THEN TRY TO MINIMISE YOUR LOSS IN THE OTHER. IMPLIED VOLATILITY MAY BE SEEN AND TAKE THE ADVANTAGE OF IT.
WATCH M&M, ICICIBANK AND IFCI (BAN PERIOD).
Probably I'll update around 1.30 pm (lunch time) as per market scenario.
