2 March 2012

NIFTY SHORT STRADDLE



Nifty has been in narrow range for some time. We expect it to continue doing so till budget session and forthcoming election outcome.
Nifty short straddle is our pick for coming week
Sell Nifty 5200 put @ 85
Sell Nifty 5600 call @ 67
Total Return  =(85+67)*50=7600
Lower Break Even Point=5048
Higher Break even Point=5752
KEEP SL Of 50 points
Time Frame =7-10 Days

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