Here is an update on Happy 2010 Portfolio.
We hold only 1 stock in cash which is Bharti Airtel bought at 276 ( when all Idiots in world were selling it )... cmp 310..
In Options Market, we hold Dec 4500 Put bought at 91 and cmp 13 ( Only 1 lot was suggested).. In this recently when market went down in a hurry in 2 days the price did come back to 85 around levels. But again the market decided not to fall and retarced back fully. we still believe markets are due for a big sharp correction but timing it is getting pretty difficult. so lets stay with it as there is no point now selling it @ 13. We still have entire month of dec to go and markets wont take more than few hours to fall cheaply.. :)
Add Feb Nifty 4500 put at cmp 66-70 range stoploss 0 and objective of tgt is same as old ones.. suggested qty 50% (if u buy 2 lots normally then go for 1 lot).
keep updated for market views on our blogs..
Thanks & Regards
Navneet Singhal.
