explanation in chart
Trade active:
5641 as on 4 Oct 2018. Wait for MPC meeting results for tomorrow. Rate hike fully expected. Which will raise the cost of capital, already in tight liquidity scenario
Trade active:
Fear sentiment seems to be playing more active even when RBI was not that hawkish. Down more than 4% from the date of idea sharing. It seems that 5000 levels coming earlier than chart prediction
Trade closed: target reached:
Touched a low of 5235 on 5 oct 2018 trading day. Trends seems to be over. short closed