Indian Stocks: Dhaba Portfolio, Update

Thursday, December 04, 2008

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.

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