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I think you had some great calls, good selection and my congratulations for the nice run, never hesitate to take some profits of the table, you never go broke by taking regular profits, it is the other way round when we let our losing positions run and cut our profits fast that spells trouble, I always keep an objective once I am on it I am out of it, learnt it hard way but I know it pay well, remeber market opens every day, keep your cash ready and here we have long side and short side properly catered for, I am looking at juicy premiums of NDX 2380 area in May if we break below 1342 SP99M nice to have some handful as a hedge against your long calls, and buy some 1310 puts with the proceeds but cover at around 1322.. This in case of a correction, I think the market is going to face some resitance at 10480 and 1372 area.. This objective we had highlighted sometime back and as we see it closer I will like to play the break above that with very much out of money new calls on the table, lets watch closely and see if 1355 area holds and we bounce back up from there. |
