May Series

06/05/2011 05:52

       "NIFTY RANGE : 5100 - 5700".  

A little tight range for Nifty would be 5200-5600.

Threat persists to break 5100 downward this time.  Thus it is safe to play with downward bias. Go for Bear Spread.  

Care: After 9 days falls in a line, 1-2 days pull back is most warranted.  Expect this before going for the above strategy.

Updated on 12/05/2011

 

Looking to the market, think for another strategy - Long Strangle i.e. buy simultaneously 5800 Call and 5400 Put.