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Monday, July 6, 2009

Nifty Options for 6th JULY !


NIFTY STRADDLE STRATEGY AS PER THE MARKETS BASED ON BUDGET TAKE A VIEW ACCORDINGLY.

NIFTY CALL 4800 JUL (BUY) BELOW 84 (Target1)89 (Target2) 99 & 145+ (Sl) 70(BUY 01 LOT)(MAINTAIN STRICT STOP LOSS)


NIFTY PUT 4000 JUL (BUY) 60-62 (Target1)71 (Target2) 78 & 100+ (Sl) 56(BUY 01 LOT)(MAINTAIN STRICT STOP LOSS)

If the Union Budget “meets” expectations, euphoric trading may propel the indices to 16,300 and 5,000 in the near term. Likewise if the reaction to budget “fails” expectations, expect sha-rp slide to 13,500 and 3,900

Please take positions based on Budget cues only.

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DISCLAIMER

All the advises,calls,tips and predictions are neither an offer nor a solicitation to purchase or sell securities.The information and views given by writer is believed to be reliable but no responsibility (liability) is accepted for error of facts and opinion.Writer may be trading in or having positions in stock markets.