Quote:
Originally Posted by vijay
Call Buying Is Not A Big Risk Game Unless It Is Bought In Very Large Quantities Without Proper Understanding Of The Markets. I Cannot Make Out How Many Calls Have Been Bought 800 Calls Mean What? 16 Lots Or 800 Lots.
Any Way Nifty Is Expected To Open Lower On Monday And Below 4300 It May Touch Around 4210 Levels From Where A Short Term Pull Back Is Possible. On The Higher Side Nifty Has Strong Resistance Around 4440 Levels For The Next Two Days, Above Which It May Reach 4525. If You Hold Very Large No. Of Options Exit Most Of Them Around 4440 Levels. If That Level Is Reached Before Tuesday You May Make Some Profit Out Of It. For The Remaining You May Wait For A Level Of 4520 Only If Nifty Closes Above 4450.
Vijay
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It is 16 lots... that is 16 x 50 = 800 calls @ Rs 20 (on average)........ 800 lots hota to heart attack hi aa jaata  ...
Wht do u suggest ... should I exit by tuesday, whatever the market is or wait for wednesday... as Im new to option I dnt knw what happen to it when it get nearer to expiry... will it vanish to zero if market goes further down toward 4100 by wednesday or thursday... no idea....
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What's considered as enough money... Just a lil' bit more....
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“In this market, the person who makes money will be he who knows when to do nothing."
Last edited by punnu; 22nd June 2008 at 07:45 AM.
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