Thursday, July 30, 2009

July 30th : Mid Day Call - Mkt did bounced back from day's low, expected it to fall & close flat.

We are expecting Nifty to close flat today and tomorrow there will be huge upside almost 100pts in Nifty expected. We have given a long call when the market was flat, mkt did bounced back 30-40pts in Nifty and our traders has made good money.

Now, we have given short call in Nifty because we are expecting Nifty to fall and close either flat or 0.5% down only. Today is expiry hence difficult to anticipate the last 2hrs market move. But we suggest being on the short side of the market is better now, only for today.

-JK

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