S&P did not upgrade India’s rating on Friday evening, and because of this SGX Nifty is down 42 points around currently.
As you are aware, news based spikes do not sustain, and in this case too it wont. Within a day or two, Nifty will be back up again. I will simply hold my current position taken at 10392 NS .
However if Nifty continued to go down after first half an hour, will hedge this position by going short in 1 lot.
Will attempt to go long at 9:22 after observing some price action.
Now shorting with TSL at day's high.
Now going long with TSL at 20 points below day's low.