Trade 12 Mar 2013

Yesterday I did Partial profit Booking in 5800 Puts long.(@ 23.35)

And held half , Now booking it all @ 31.25.

Trade Closed.

Those who holding Shorts , 5943 is ref level ( also as Trailing Stop ).

Open Trades 11-Mar-2013

They say " Trend is your friend " but sometimes going Contra may be good too ..

 Longed Nifty 5800 Puts @ 18.55

Nifty Future For 5th Mar 2013

# Open Drive down Today but Failed to extend range downside, closing near  Fridays close.

# So possibly there is some short covering done.

# Strategy remains Sell on rallies.

# However as long as Budget Day low holds, we can try Long i..e Strictly Day Trade.

# I Will try long only  Above 5690, if this level gone, This view should be negated

# Buying Reference level is 5706, with Strict stop as 5690.