Weekend musings - mangoman

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.