if these 2 hold good then i will be loosing money at opening coz i have 4100 calls which i am carrying overnight.....
pls dont do it again as the intention is to stay with the trend always(counter trend bets can be taken only if we are close to strong supports or resistances)....nifty can go to 3800 or lower and still can close the week above 4000 or close the week below that critical level and either ways the momentum is with puts....So today as the break down has happened we wait for a bounce back and buy a close put and a faraway call for e.g. @ nifty close of 4050 ,a 4000 put and a 4200 call can be considered ,as in the worst case if the market bounces back tomorrow we exit at break even or if the market drifts further then our puts will gain more value than the value erosion in calls..