July 2011 Series

19/07/2011 08:40

When the Nifty is trading in a zone of 5500 on lower end and 5700 on higher end and now it trades near lower end, I would suggest to buy for 5700 Call.  The 5500 put writing also support the play. 

However, it is suggested that either you gain or lose completely in your play for this series, thus with no stoploss.  Still, you play safe with a stoploss 5480.  You initiate your trade prefereably at the time of Nifty trading near 5520 level to pay out your premium low.