As we said, markets are in downtrend.
In my opinion, what we have seen is just a trailor and we will see real film very soon. I mean as early as within couple of weeks.
FII's have piled up index futures short and index options put long.
After today's BAD IIP data ( a comedy is positive data is 'positive data' it seems nowadays), the 'ready to sell wife for a rate cut' lobby is active again. RBI is in tremendous pressure as usual.
But now India lost all opportunities and the nature will take it own course.
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