India has decided to allow overseas entities—excluding airlines—to own 100% in domestic airlines as it seeks greater foreign direct investment (FDI) inflows into the country.
While the foreign airlines are keen to have a 100% stake in Indian airlines, they have been excluded & the news that they could inch closer to this deal will keep them elated & excited - most likely shall give us our required C-Wave which retraces 50% of the fall from 562.40 highs to 443 lows in the zone 500-505.
Channel Bottom- Can it work
Trade active
⋅
10:25 Hrs 1st Nov2016
Day's High@488
Trading@479
It was bound to happen - as expected C-wave since long time- well market never gives easy money -it will always test trader's patience, but in larger view one should know where it is heading else patience might turn into a problem.