As price continue to stay below short term downward trend line and close below 50-day EMA with bearish engulfing would keep the trend under bearish territory. Expect Nov series would expiry below 720 and would fetch return of more than 20%p.a post expenses includes brokerage and tax.
Recent crossover in EMA and negative divergence in key indicator signals bearish bias in coming days. Expect the price would stay below 95 for this month.