Nifty finally has moved out of the negative zone today and entered into the positive territory. time to shed the shorts and go long. Nifty is likely to break all time highs in January itself and should be a great month to take positions. I am net long on the markets and I am figuring out what would be a good way to switch to Jan futures, as currently the premium is crazy at around Rs 50. Hence it would be a challenge not to pay excessive premium to roll over the positions. I suspect that on the expiry date there would be lot of fun and games just like they have happened for the past 3-4 months, wherein suddenly on the expiry day Nifty moves 100 points in a matter of minutes, completely wiping out people who have taken option positions in a hope to make a quick buck.
Anyhow stops need to be there just in case of unforeseen circumstances, but markets are highly positively disposed and its a good opp to go long.
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