May 17, 2009

Go long with Nifty options

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Now after UPA has come to power without any support from LEFT . This is a extremelly optimistic news for markets .

For short term, atleast this week , Markets will make some spectacular moves . Monday will be a gap up opening and then after a short consolidation , it can again start its upmove .

It would be wise to go long just after markets open considering gap up is just around 150 point on nifty .

People can buy 3600 Calls , It would be wise to buy In the call money or at the money calls at this point and not out of money calls like 4100 or 4200 Calls , as markets are near expiry.

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