SAFEARN AN INDEX OPTION TRADING COMPANY WE ARE NEITHER A BULL NOR A BEAR DATE 03.11/09 Dear friends TO-DAYS MARKET AGAIN OPEN NEGATIVE TO POSITIVE AND CLOSED NEGATIVE UNEXPECTED 148 POINTS. SAME STORY AS ON 30TH NOVEMBER. HERE WAR BETWEEN BULLS AND BEARS AND IN LAST BEARS WIN, ALL TECHNICALS AND FUNDAMENTALIST FAIL TO EXPLAIN TODAYS FALL. BUT WE TELL TO OUR ALL CLINTS IF MARKET SLIP BELOW 4666 THEN IT WILL BE A FREE FALL. THE SINERIO WAS EXATLY THE SAME. IN MORNING WE GIVE A BUY CALL OF 4600 CALL AT 190 AND WHEN IT WAS AT 206 WE SEND SMS TO KEEP SL AT 198 STOP LOSS HIT AND THEY EARN 8 POINTS. AT SAME MOMENT WE SPRED THE MASSEGE IF MARKET SLIP UNDER 4666 BUY PUT STRIKE 4700 AND IT WAS THE TIME PUTS RATE WAS 135 WITH TRAILING STOP LOSS OF 20 POINTS WE ALL CONTINUE OUR TRADE WE ALL EXIT FROM THE TRADE AT NEAR ABOUT 190 TOTAL PROFIT 65 POINTS WHILE IT CLOSES AT 230 TODAYS TOTAL PROFIT - 3650/- OUR OPEN STRATEGY IS SHOWING SOME LOSS TO DAY BUT WE THINK WE WILL EXIT FROM THE STRATEGY SAFE AT EXPIRY. BECAUSE THERE IS NEAR ABOUT 14 TRADING DAYS BALANCE. AND WE HOPE THERE IS NO MORE DAYS FOR THE CORRECTION. AND WITHIN ONE OR TWO DAYS MARKET WILL MOOVE IN UP DIRECTION. NIFTY CLOSES 4563.90 Next support for nifty is 4476 Join to get real time free charts link in link area http://in.groups.yahoo.com/group/safearn Visit http://optionearnings.blog.com HAPPY TRADING SAFEARN TEAM [email protected] 09837043233 Yahoo! India has a new look. Take a sneak peek http://in.yahoo.com/trynew
