This is experiment no 2 to develop,evolve BTST trade prediction (buy today,sell tomorrow)
This is high risk prediction that can be used by high net worth individuals/high risk traders. This caution will be issued for each experiment depending on perceived risk
BTST is vague unless price point is specified.In this case it is market closing value of near money index options today. so should you place market order just before market close for put options or call options today?
Again both can be loss making or profit making on monday as market can swing in large range on any given day.another problem with options is time related deterioration in premium.hence we suggest buying /selling mini futures on btst trades
Market on Monday August 1,2011: call options/ long position in futures has a better chance of giving profits on monday. however monday market will be volatile and may correct on opening( what we cannot say is whether market will correct from a higher open relative to todays close or open lower than todays close)
key point is market will be rising most of the day and long positions have a better chance of making profits.adding equal lots on negative opening on monday opening is likely to boost profit prospects more
Summary: buy today at closing values for profit on monday.profit may be maximum either in early hours or closing late noon session
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