Investor in Indian market and a humble student of stock market. For me investing is all about being disciplined, money management and having conviction in your analysis and stock pick.
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Nifty
Option Strategy for Sept 08

Nifty Option Strategy for month based on my EWT analysis



Play for long straddle



Buy Sept Nifty 4500 CE 84.25

Buy Sept Nifty 4500 PE 211.75



Cost of setting long straddle on nifty 211.75+84.25=296

Break even point if nifty goes above 4500+296=4796 and goes below
4500-296=4204



if nifty remains between 4204 and 4796, you will make losses up to maximum premium you paid on long straddle.

PS:Investors must consult their investment adviser before taking any buy/sell decision.Please take your own informed decision.