Play Sept 10 Series
15/08/2010 17:29
BUY Nifty 5200 or 5300 PUT on a rising market.
When nifty trading in between 5200 to 5300 range in the month of sept or later part of Aug, liquidate it.
(Possibility is high, Nifty to drift down to 5200 level in Sept. Do not get dishearten if nifty trades above 5500 in Aug. Hold it. If it is a wrong call, you will not lose more, except the premium amount.)
Another safe strategy is to play a bear spread:
Buy 1 lot Nifty 5500 Put
and
Sell 2 lots of Nifty 5300 Put