Feb 23, 2011

EOD Update Feb 24 2011

Procrastination is killing.

Again an Inside day . Or call it  balance day the OI data of 5400 puts and 5500 calls has made the range narrow.Expect any side ruthless hammering be it the 5400 put or 5500 call writers tomorrow. I am expecting again a spike tomorrow from 5410 or 5370 levels till 5505.

Much will happen tomorrow but i will be trying my luck in 5400 calls at 5410 and 5500 puts at 5510. We would get both moves tomorrow looking to the market movements of the last 3 days.

Still the Market is bullish and budget day would be a break out day for our march till 5620 - 5900.


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