Nifty trading in a tight range of 5,700-5,800 levels now. So, he suggested selling out of the money options.That would leave one with a lot of money because we have couple of holidays in the next weekend; premiums will dwindle down really very fast in one's favour if one is on the right side, he elaborated.
Further added that there are no key indications which justify shorting the market at the moment.For past four trading sessions, FIIs have become marginal sellers. Those numbers are pretty small, ranging from Rs 100 crore to almost Rs 300 crore. But, if one closely monitors the open interest, it has just started declining; this indicates that they are unwinding their long positions. But, we have not seen big time shorts coming up into the markets. So, there are no signals, which makes one think that do we really need to go short on the market at the moment.
Further added that there are no key indications which justify shorting the market at the moment.For past four trading sessions, FIIs have become marginal sellers. Those numbers are pretty small, ranging from Rs 100 crore to almost Rs 300 crore. But, if one closely monitors the open interest, it has just started declining; this indicates that they are unwinding their long positions. But, we have not seen big time shorts coming up into the markets. So, there are no signals, which makes one think that do we really need to go short on the market at the moment.
