NIFTY Playing for the budget on 28-Feb-15
Daily Futures Range 8461-8699-8822-9086-9184.
Hourly SPOT Range - 8700-8732-8861-8856-9023
Weekly Futures Range - 8553-8558-8981-9148-9408
The INDIAVIX Range is 18 to 24. It is now at 21.
So what could be the Strategy in Options ?
The MAR-15 Series options is already trading at high Premiums.
So I think we can expect the Premiums to come down during the Budget day and then the Buying might come in... So look for the INDIAVIX to go to levels of 18, Where one can BUY options.
At the current levels, using the Weekly chart, One can sell the Pair 8550 PE-9400 CE for 120.
Ideally it would be a Good buy at 8500 and at around 9400, it is a SELL.