Calls for 04/28/08

Short RCOM @ 587

Buy 5100 nifty puts

RCOM: As we have shorted from the 28^th we will carry our short for target of 566 – 548 – 514. The stoploss should me kept at 600.

Nifty Puts: 5100 we have bought nifty puts when nifty was at 5140 levels the purchase price was approx. 140 – 150. We will carry this puts until further advise. If nifty moves above 52260 we should buy more at the higest point (5300). Nifty should come below 5000 within this month.

2^nd May 2008 (update)

If Nifty trades above 5160 we sell Nifty 5100 puts (you will have to sell it twice nifty 5100 puts are priced @ 103rs now)

Cover RCOM @ 563 FUT or RCOM @ 556 Cash