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Bought call option at 1.40 for strike price 250, standard cup and handle formation along with momentum shift towards price fall.
Expect downfall for at-least 2 days.
Fall was expected but such steep fall can be accounted to USA elections, demonetization influenza, and recent INDIA-PAKISTAN tension.
None of these situations are going to get better.
TECHNICAL INDICATORS SUGGEST THE FALL
Bearish in nature, stochastic showing fall and so is capital flow.
Plus, USA elections are coming up, no matter who leads/win; market anxiety will take it down.
Short Term Bullish indication.
Momentum has shifted to bullish.
Axis reported that no customer damage because of hacking.
Momentum is slowing down.
Prices consolidating near tilted resistance.
Expect steep short term drop unless a very good news comes up.
All the indicators suggest sure shot small term up-rise.
Can go for intra-day or probably 1-2 day swing.