The market is cautious ahead of INFY results tommorrow. Lot of action at the close on INFY 2100 Call and 2010 put options. Traders best strategy to play earnings season appears to be through the tool of options. However I feel this will be a non event with no surprises.It is interesting to see how option premium gets knocked off tommorrow.
The tension in Jet airways stock seems to have been resolved with stock up 3% after buyout of Sahara.
I am puzzled at the ever changing cycles in the market which prevent people from making money helping big fish. Media opinion routinely plays to shakeout the ordinary players at exactly the wrong time. Real estate is a case in point. people who have strong opinions against real estate are turning around to becoming bullish. RBI's action proved disastrous for the players in Bank and real estate stocks last week as they capitulated.
If we take IT index as a signal market is anticipating no negative surprises from INFY.
Thursday, April 12, 2007
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