Closed all shorts @ 7499 -- Now wait & watch
Let's see what's in store in today's CPI/WPI Data - which should be on higher side and see how market reacts.
Options data still indicating puts OI at lower levels and call writing @ 7600/7700 levels. With crude falling again - all it needs is a chingari to take the markets to 7200/7300 levels - but as poor retailer - I prefered to take my money off the table and reenter post next move clarity
Europe Markets as usual higher (though meaningless for us - as in last few sessions tend to move to negative post India Market close)
Let's see what's in store in today's CPI/WPI Data - which should be on higher side and see how market reacts.
Options data still indicating puts OI at lower levels and call writing @ 7600/7700 levels. With crude falling again - all it needs is a chingari to take the markets to 7200/7300 levels - but as poor retailer - I prefered to take my money off the table and reenter post next move clarity
Europe Markets as usual higher (though meaningless for us - as in last few sessions tend to move to negative post India Market close)