Dollar correction will lead to inflow in EM so for time being, it may not have the effect many of us are expecting but next year dollar is going to zoom up then expect a lot of chaos.
Yes bhai it was based on yesterday's end of data and options chain analysis.
Yesterday FII covered some short and added new long position in index futures whereas index options were neutral. So I was on buy bias if there is any 100 points drop in banknifty.
Unfortunately things didn't work and as position was heavy so had to take losses. Anyways covered most of losses on same CEs on buy side.
So that index futures buying was to mislead the retailers.