But hedged position via option writing would surely be tension free. Thats what i've been thinking this whole month..
but seems like not many takers in trader ji..
Looks like Rupee wants to towards 68/67 but RBI trying to keep it at above 69 levels to help exporters. If oil cools further then RBI will be happy to allow towards 68. Just my thoughts.
Weekly USD/INR. Forming lower lows. Matter of time before a down move comes.
Slow movement... generates additional fear and anxiety in mind of option buyer.. even if the trade is correct.. the tension might prompt to exit the trade at cost ..!!
expecting the zoom to start once 30950 level is crossed on BN Fut.