Day Trading Stocks & Futures

TraderRavi

low risk profile
I have closed my short position on USDINR on friday. I was expecting bearish movement due to most probable scenario of NDA majority , but it refused to go down even as nifty started its upmove. May be currencies under pressure due to Iran US war like situation ? lets see what happens next week.
 

iwillwin

Well-Known Member
I have closed my short position on USDINR on friday. I was expecting bearish movement due to most probable scenario of NDA majority , but it refused to go down even as nifty started its upmove. May be currencies under pressure due to Iran US war like situation ? lets see what happens next week.
U have option to buy June or July contract tomorrow at open.... very cheap
 

iwillwin

Well-Known Member
what do you mean ? USDINR will open gap down and then rise ?
Nda govt majority will be discounted and INR will strengthen...but that's not going to change economic condition and geopolitical tension....so if you are planning to hold, it's better to buy June/July month contract to sell when rupee weakens post election euphoria ...just my view
 

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