Budget Impact on Nifty options JULY series??

[rajeeve6600]

Hi Friends,

Surprisingly, no one from Traderji is talking about the impact expected with the Budjet on nifty Options July series...

Please write ur OPINIONS here...

Will nifty be UP by almost 300-500 points post- Budjet???

OR

will it be down?????

OR
will small caps bag the essence????



Lets start discussing...

Please post replies...

 

[ma1090]

I have bought chain of strangles to capture post budget volatility . i.e. bought nifty CE 4500-4600-4700-4800 and bought PE 3800-3900-4000-4100 cost is around 66K already making 10%.

 

[nitin_2097]

Well i think on the day of budget Nifty moves upward direction for at least 2 days but i advise to all traders don't make more buying position aftter 10 Jul.Market may come at very lower levels that nobody can think.So don't make open position after 10 Jul-2009.

 

[pranaypankaj]

Nifty up 200-300 points will look like post election movement getting repeated and so far I understand market events do not repeat themseves in such a short span most likely strangles created in nifty option will loose money both way.