My thoughts : 25 Sep

USDINR: I intiated shorts between 65.05 to 65.1525 and covered them at 64.96. Being having Full time Job have its own limitation(s). That Apart, Will look for Intiating Shorts if get at 64.90-65.05 area again till 65.20. Downside expectation is 64.50. Bearish view nullified if we close above 65.20

GEO-POLITICAL CRISIS.
There is too much War mongering going on between The US & North Korea and Nucs are being Detonated as Diwali crackers, it is Just time being before mkt starting putting any weightage to such events. Classic example is Crude Oil. Prices are completely DE-factored from any War threats in Middle East. We have seen shaking of weak hands during Doklam crisis and same thing might be played out right now. I still to understand what S& P or Moody or any TOM-DICK-HARRY rating has anything to do with Chinese Growth Story. No Matter what they say, Chinese Growth is fueled by their Own saving(s) and Earning and NOT from borrowed money. All this talk of fizzling out their economy is plane rubbish and to add volatility in mkts.

But Key take away from these events will lessening of the US influence in this region and there is strong chances they (The US) might do what China & Russia suggest rather then dying for friends like Japan & South Korea.

NOT discussing any other charts as most of this move is driven by Algos. That apart, one should remain short as going forward even 9900 is possible on Nifty.