Dear MMB Messenger, Please refrain from posting false information.

Regards

-r...

Dear Eshers,

Yes, makes sense. To book profits on the future prematurely is not a good idea as the sold put could cost a lot. Even i am expecting 3900-4000 pretty soon. The market movement in the last one month looks quite strange. If FIIs don't stop selling, don't think these levels can be sustained for too long.

Cheers

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Excellent strategy eshers! At what level do you plan to book profits on the short future?

Regards

-r...

Can't make much of the double doji ... Expecting a lot more dojis in the days to come... Handbrakes could be it though... The game is getting quite interesting... Could see another 200 points on the Nifty if the players who are playing it are really strong :-)

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LOL PK, perhaps yes... I am still in a wait and watch mode!

Cheers...

Dear Novice,

Most of these transaction would have been carried out on behalf of their clients.. So it need not be the same entity buying and selling.

Please read an article on how FIIs are using equity swaps for their clients now to trade in derivatives following the PN ban in todays ET.

Regards...

Dear PremGhai

What you say may be true of day traders/FnO traders.. But when it comes to investments, it can be win-win... e.g. if i buy reliance from you today at 2300, assuming you had bought at 1600, you make a profit of 700 over a period of lets say 1 year... Now if Reliance keeps growing and performing, i will be able to sell reliance at lets say 3600 after 2 years... So we both make profits.. Thats the basis of publicly held businesses and stock investments.

Regards...

raj strange is to say the least... its more than strange.... i think certain targets are being achieved and then pooof its goin to fall.... i think so... agree??...

dear raj, Before going down to 3900-4000 levels, nifty is very likely to see another bout of upside say by some 200 points. Probably in the month of September, we might see levels of 3900-4000. After Sep2008, p-notes issue is going to play havoc in Indian stock markets unless SEBI relaxes the norms for p-notes.SEBI might relax the norms, for the time being. regards...

Dear Raj, You are right.. Booking profit in futures include booking losses in the sold Puts as well.. I sold that just to minimse the loss on the upside.. Cheers...

Dear raj, I really dont have any levels at mind as of now.. Since the loss is very minimum, i'll ride till i feel the market has over-shot in the short-term on the downside.. I feel 4000 could be possible next month. .Lets see.. I have exited the current month 4500 CE as the upside iwll be taken care by the sold-PE and the 4400 CE. Cheers...

dear raj, The consolidation suggest something .. there may be a minor minor downward movement say some 100 points( in nifty) and then may move towards 4700 and that is where it may change the direction. However relaxing the ban on p-notes can take the sensex to better levels though for a shorter term.. regards...

Me 2 waiting n watching..... made good money.... cash is king will deploy ......Hey what is that double doji doing in Niffy....lol.... what do you make out of it....... looks like hand brakes to me....

hahahah .......lol....... I know.....hahahaha lOOks you wana hit me now........