See these post first…
http://dhanvarshagrp.blogspot.com/2010/02/why-did-us-markets-pull-back-at-close.html
I suggested that Indian markets will rally on Special Session and they indeed did… I suggested to buy 4700PE just before the close of the special session trading and it closed at 93
Today market opened in green to shake out the weak hands but see the way it dropped to my first target of 4675 (day’s low 4675.40)
Here I suggested that we will see 4640-4675 and what a bounce after it touched my target.
http://dhanvarshagrp.blogspot.com/2010/02/nifty-is-dead-cat-now.html
Today when Nifty touched 4675 we were in 45% return in 4700PE which was trading above 135.
Hope you booked your profit, if not they do not worry as market is looking to break 4500 very soon and I would advice to hold onto your 4700PE. You might see a day or two of pullback but that should not shake you out of the trade.
Vikas Verma
-Member Dhanvarsha Group