Relatively simple trade. Nothing complicated about it.
I also wanted to draw attention to this asset class which is still not getting much attention.
One can trade CDS futures and options on NSE for very low margin.
e.g. Intraday margin of 700 INR for 1K lot. And about 1400 INR to carry positions overnight.
This is not bad. 1 lot will result in INR 1000 pnl for...
eurinr is in bearish mode. it is trying to break the major support of 77.33 , its not going up and if today close under 77.33 then it will clearly fall up to 76 in few sessions.