Nifty likely to trade at 3900 by March 2010 end, this would also be 50% correction to 2800 points rally from 2500 to 5300 we saw in the Index. 4500 put options for February expiry costing 38 Rs as I am writing can trade at 110 and above if Nifty drops to 4600 within next 7-8 days, and if Nifty trades at 3900 (very less probability) in February itself, your investment in Nifty 4500 PE can return 20 times initial investment. Target of 3900 is not just based on 50% correction theory, many other technical as well as fundamental indicators have constituted in arriving at the price, you too can learn this, for details contact click_dotcom@rediffmail.com
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