Yes, the futures are trading above 53, though the spot returned from 52.98
I did something very stupid today, converted a winning position into a losing one. I had sold USDINR @53.03 on Monday, covered at 52.9068 today.... then again sold @53.10 today ... Now it's trading above 53.26. Hopefully it will climb down before end of the session. I may average.
So much time devoted to studies on Nifty. do we still need to see DAX etc.? wudn't all this reflect in prices and keep triggering levels by which we trade? whether the trigger of a level is due to Dax or a local reason, it is still a trade.
just a thought.
I never base my trade other than my TA i don't even watch business TV Chanel during my trade hours ...that info was for many who wants to know about European market pre-opening levels..