On the Basis of Current Situation, following trading strategy is to be taken on NIFTY:-
Collar, means Long Future + Long OTM Put + Short OTM Call
So,
Buy NIFTY Fut Dec Expiry @ 5950 - 6020 (according to risk level), Stop Loss 5920, Target 6120 - 6150, Current CMP 6006 on 24 Nov 2010 at 12:19 PM+ Carry Your Long Position in NIFTY 5800 Put Dec Expiry + Short NIFTY 6200 Call Dec Expiry @ Rs. 60 with the Stop Loss of Rs. 90 + Short NIFTY 6000 Call Jan Expiry @ Rs. 200 - 210 Current CMP Rs. 200 on 24 Nov 2010 at 12:15 PM, Stop Loss Rs. 250, Targets Rs. 100 - 125.
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