Monday, August 9, 2010

The Bear Takes a Rest

The Stoploss of the Positional trade(taken in mid July), at 5475 on closing basis ,has been hit today.

The Option Analysis does not shows any panic in call writers and they are even adding at 5500 strike ,similarly though the puts at 5400 have added  but not in big quantity so as to emphasize a big rally coming up.

The Bear takes a rest but due to O/B and negative diversion persistance in charts ,it will remain vigilant at the break of 5450/40 levels .

Till then trade light and with the Trend, that's UP.


mo k said...

RV, yes looks like 5415 has moved upto 5440 ...
[even sleeping the bear looks ferocious]

r m said...

Thanks RV!