Re: Time to Stick my Neck Out ,Nifty 7300
Dear all,
thank you all for the time and reply....since the technicals looked really weak,i went ahead and added a whole lot of 4100 puts(@16) since they were available cheap.The reason i say cheap is coz say if i had shorted 6 lots of nifty and say nifty was to have a gap up opening of 50 points on monday morning,then my loss would have been 300*50=15000 rs,instead spent half the money and made sure i dont have to curse myself if at all the markets were to crack in the near future.....
again thank you all for the time,yes i wanted to hedge ....also i got the word through my broker ,through ***** messenger yesterday afternoon.......today i got the same message from a friend of mine and then on tv there were interviewing Raja of the left front and repeatedly asking if the left would withdraw support....
Can you cite a reference? I'm curious.