Please keep in mind that this is only for futures and positional traders. You can buy USDINR in 3 different buy zones, as mentioned (Buy zone 1, Buy zone 2, Buy zone 3). There is NO-STOPLOSS; simply purchase as much as you can. Don't panic if it reaches Zone 3; instead, buy as much as possible. It is important to note that this view is for the next three months and is not recommended for short-term time frames.
Note 1: Do not trade CALL options based on this view because it is a long-term view and you may lose money buying OTM or ITM due to theta decay in the long run.
Note 2 : Because the USDINR is oversold, strong Bullishness is expected to continue, and only buying is recommended (avoid short selling or buying PUT options) at retracement levels.
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Close your LONG positions (book your profits) and wait for another retracement (below 82) for 2nd second LONG entry.
almost 1 rupee in profit.
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Comment
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1st BUY 82.02 (30% of your capital)
2nd BUY 81.73 (30% of your capital)
3rd BUY 81.43 (30% of your capital)
A margin call of 10% must be maintained.
Note: Only buying (long FUT or CALL) is recommended here; no shorting or bearish trend is recommended; almost all events are overly strong naturals (above > 82.39); do not buy weekly CALL options and OTM CALL options; only ITM or ATM monthly options are recommended.