Hi Traders,
Today, Nifty Opened Gap down around 5080 and gradually Dropped to 5030 .Never really recovered till afternoon.Made a dash to 5060 initially and after a pause to 5090 levels. Finally closed around 5090 levels.
here is Nifty Option Chain of 20th Oct 11(Thurs).
For the past few sessions Nifty is see sawing between 5030 and 5100 levels, depending on global cues.
It is advisable to close positions by Friday,tomorrow. wait for the outcome of Euro summit on Oct 23rd sun (though there are some reports about the possible delay of the summit) and market's reaction on Monday.
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