Yesterday, as expected sensex & Nifty reached lower levels and closed with more weakness. The IIP numbers released at 12 .00 noon could not induct steam into the markets. FII data, Open Interest data, Option writing data were all shows the possibility of further fall immediately. Crude rates, commodities, metal prices were falling. Dow, global markets shows that further money infusion into the markets could not be possible at present. Hence, the market fall may continue further. The bear phase is taking speed now. The immediate target for Sensex 12500 and Nifty 3800. As we are at sensex 14000, a psychological level there is just a little bit chance the market may take a pause and go 300 points but the speed of fall cannot be ruled out. We can trade stay long in puts and we may add some more at a small rally on monday. Enter and enjoy market fall with put option.
ONE MAY ACCUMULATE PUTS FOR THE OCTOBER MONTH NOW
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