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Long Indian Equities

OK, there is enough blood on Dalal Street to warrant a contrarian long position.

Based on a highly scientific combination of modified P/E ratios, oversold indicators, the degree of gloom & doom on CNBC, and my inability to stay away from fire sales, I put on the following long positions today:

  • Bought JUNIORBEES at 57
  • Bought the Nifty Midcap-50 October future at 1650
  • Bought the Nifty-50 October future at 3616

Buyer beware! Now, off to my prayers. :)

This entry was posted on Monday, October 6th, 2008 at 3:41 pm and is filed under futures_options, trading. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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