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Rupee

India VIXAlmost every year India VIX tends to test the lower end of its range and reverses sharply in JAN. A trigger for this usually is the Annual Budget (Vix rising as a lead up to the event). It appears that the same scenario might be repeated in 2020. However, this time we have a global trigger as well which could fuel the rise in VIX (as and when it happens) Gold & Silver breakout and USD/INR which is very close to a breakout above 70.40 (in this case it should be noted that US$ is so far fairly muted against major currencies). We could initially see the Standard Deviation variation between Equity > Commodities / Currency expand. As a result, firstly the range will get broader, secondly price movement/reaction will be faster. Hence, option writing as Jan series gets into momentum might not be a safe hedge as it has appeared in NOV-DEC. Positional traders might get caught on the wrong side time and again as Swing traders are going to love the series
NSE:INDIAVIXEducation
by Dinesh_C_Nagpal
1
USDINR - Next Path (Holding 70.35) Expect 72.25 - 74.50+Trading Strategies Plan A - Risky Traders Buy with strict stops below 70.35 for 72.25 Buy above 72.50 for 74.50 Buy above 74.50 for 75.50-76 handle Plan B- Safe Traders (Post Pattern Breakout on upside) Buy only above 72.25 for 74.50 & above targets as mentioned in Plan A Note - If USDINR moves in desired direction as expected upside holding 70.35/70.50 handle as support zone - Traders should be careful for Equities. Thanks for Support
Long
by WaveTalks
23
USDINR UpdateHey Guys, USDINR looks good for trade, currently on the weekly resistance zone and most probably it's going to go down from here(decision on Crude Oil on 3rd May is going to also impact it). There are 2 scenarios I have plotted in the charts 1. reaction in the upcoming months from the similarity of historical candles 2. From the combination of support resistance and Weekly charts RSI, It looks weak on the weekly chart so most probably can break the lower support level. This is just my point of view, not financial advice. Feel free to share your views. Thank You
Short
by aman12
USDINR - The Box Match@69.16Education & Trading Idea ------------------------------------------------------------------------------------------------------------------------------------------ Mankading Controversial Strategy Mankading has been discussed which is used at times to score a plus against your opponent and compared with similar box kind of strategy used in real time trading. The act of dismissing a batsman when bowler makes the bowling action before he could complete the bowling -non striker batsman leaves the crease & bowler removes the bail. This act is called Mankading & was named after legendary cricketer - Sir, Vinoo Mankad Latest Mankading act which I recollect was seen carrying out by famous cricketer- Chris Gayle in IPL & In Under-19 Cricket World Cup -West Indies V/s Zimbabwe where West Indies took the last quarter-final spot with a thrilling, but controversial, two-run win over Zimbabwe & finally winning Under - 19 World Cup. That's the power of Mankading. -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Trading Strategy ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Strict Stoploss - 68.00 Target 1 Zone - 71.50-71.80 Target 2 Above 71.80 72.50 Target 3 Above 72.60 74.50 Target 4 Above 74.50 Can it be Up Up & Away Thanks for watching this video.
Long
by WaveTalks
12