Elections in India are known to produce circuit days so plenty of action to come. Just have to be patient.
The direction could be anyone guess.
Since the QE is in place for atleast 6 months and this chart beautifully illustrates that each time QE ends there is a crash in US stocks (which follows through to India).
Look at the grey portion which indicate ending of QE1 & 2.
You expect big delta moves on Nifty this series. Just out of money nifty is around 203 Rs. Its good bet if it moves big. From pure price percpective if you ask me it is 10 points or 500 Rs expensive for 1 lot. I would have liked it around 190.
You expect big delta moves on Nifty this series. Just out of money nifty is around 203 Rs. Its good bet if it moves big. From pure price percpective if you ask me it is 10 points or 500 Rs expensive for 1 lot. I would have liked it around 190.
As you are a pure option trader (according to your post in Escapes thread) and you hold your positions for a few weeks and more, I guess you are a time decay player? If not, what are your favorite long option strategies if any or do you play only the directional game on the long side (up and down)?