Smart money is trapped, they wrote huge quantity of 8500 call, short squeeze will happen was clear, best to initiate longs there. But nevertheless this feels like a bubbly valuation. Two three good results and you cannot say zero impact of demonetization. Unfair and wrong. More results to come.
Talking about Jan puts....aap ka to bhav Feb-March me aane wala hai.....good that we will get lower prices to buy...
I dont think the market will keep flying without a correction...which may come after the budget...the corporate results have started improving...but we need 1-2 quarters to say "all ok on corporate results"
I'm more bullish on manappuram finance. It looks like multibagger to me. My autorickshaw waala (whom we often uses as our car driver) uses their facilities. I don't remember the price but I bought it when it mcap was 4500.