NIFTY has given a close at 7817.05. As we have mentioned
earlier, we have exited the long position and bought at the money puts in small
quantity. If NIFTY sustains above 7830 level as we have mentioned in our
previous post, we will
square off all the puts and if NIFTY sustains above 7850
for half hour or so, a long initiation in at the money calls will be a better
idea. If NIFTY sustains and closes below 7810, one can add the position in At
The Money puts. So please keep these levels in mind and trade safely. Happy trading.
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