This is Going to Make very strong move up , coming days to tame the inflation RBI likely to keep increasing the Interest rates
at one point the Price can even reach 11.5 % +
if you are Looking for safe Investments and trouble free then this is safe for you
10 year GSEC should shed the gains in the next few days.
SL should be on or above 95.76 with appropriate 1:1 to 1:2 RR ratio at least
targets can be 94.5 , 93.67 levels
my choice would be to sell on a flat open with 60-70% position size
add more shorts on rise
add the rest when the low breaches
Post the Budget, the 10 Year Yields are on the Rise and Bond Prices have started to correct. It would be interesting to see how it reacts post RBI Policy. If there is a breakdown, then Equity Markets may have a new wall of worry to tackle.
You can use this to trade Interest rates futures or long bonds.
This is the 5th wave for Indian 10 year bond value. You can trade 645GS2029 IRF.
In it's support you can see the chart of IN10Y Monthly chart, which makes an inverted Cup&Handle. You can also see this same chart in monthly tf which maks a cup&handle but slanted.