Book Profit in NIFTY 6000 Put when it comes around @ Rs. 150 - 170 according to risk level CMP as on 19 Nov 2010 Rs. 137

From some days Market is looking in Bloody mood. If we see the NIFTY movement from 12 Nov 2010 to 19 Nov 2010, its clearly indicates how much bearer is manipulating or try to push on downside more from 6298 to 5880. But if we see the movement of 1 month from 18 Oct 2010 to 18 Nov 2010, its clearly indicates that how much NIFTY is volatile  from 5987 - 6310 - 5880. 


On 27 Oct 2010 NIFTY was 5987
On 04 Nov 2010 NIFTY was 6281.80
On 19 Nov 2010 NIFTY is 5880.50


So its clearly indicates market had made a huge gape on upside from 5987(27 Oct 2010) - 6281.80(04 Nov 2010). Finlay NIFTY filled all these huge gaps on upside and down from 6281.80(04 Nov 2010) - 5880.50(19 Nov 2010).

NIFTY movement from 12 Nov 2010 to 19 Nov 2010

NIFTY Movement from 18 Oct 2010 to 18 Nov 2010

All this indicates that NIFTY has major support at 5820 if it breaks then there is huge gap down.

So, Book Profit in Buy NIFTY 6000 Put @ Rs. 150 to 170 according to Risk Level, Buy Call recommended @ Rs. 50 - 60 with Stop Loss of Rs. 30 on 12 Nov 2010.