rise to continue...

24-4-2009 trading shows that the correction is over and markets will move up for a while. Nifty is at 3481 + 57  points.  

FII data, F & O writings, FII cash buying, Global cues, SGX nifty all are positive.

Markets may rise up to nifty 3650 +/- 20 points zone and corrects for settlement may be at 3525 zone. 

One may buy 3600 calls immediately and book profit after one day trading  and go for  3600 puts.

  

Counter view: If markets won't correct and close on settlement day, means closes at the highest point one may buy puts for the next month immediately on settlement day. No trading on Thursday and Friday. On the first day of next settlement trading one may see a reversal.