Indian Stocks: Dhaba Portfolio, Update

Lee’s Dhaba

#fullpost{display:inline;}In anticipation of the Government fiscal stimulus and the RBI’s monetary stimulus, I have bought back my short Dec 2700 call position first thing this morning…I kept the Puts inanticipation of even greater volatility.  The Dhaba portfolio now looks like a call on the market with a strike of 2600 Nifty.

My view is that short term market behavior can be termed as ‘buy on rumour and sell on fact’.  Before the market gets to Nifty 2800 I expect to re-sell the Dec Nifty Call…probably 2800 strike.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>