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LIC just tried one assault to squeeze short... failed miserably! Was seeing option chain.... put writers at 8600 are khiskoing fast :D

More short position are being added at 8635...
I was short in 8300 puts,8500 puts ,8600 puts and 8700 calls.....covered 8600 puts right in the morning....holding the rest.

If we stabilise above 8650 then will open 8600 puts short again....that is the plan for next 4 days.

Smart_trade
 
HDFC, RIL, Bharti group shares are recovering... damn LIC. These shares can contribute 10 points in recovery. Expecting minor recovery till 8635....
 

ap*

Well-Known Member
Market is heading for deeper correction this time..
Why do u think so sir ? I'm of a short term bearish but long term bullish view as long at 8480-8500s is held. Still looking at buying some beaten down IT names for my Long term account since I believe that the next stage of the rally has to be run by the IT pack.
 
Why do u think so sir ? I'm of a short term bearish but long term bullish view as long at 8480-8500s is held. Still looking at buying some beaten down IT names for my Long term account since I believe that the next stage of the rally has to be run by the IT pack.
But regarding IT there is a consensus view that this sector is dead. All the Gurus collectively are long term bear on IT
 

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