I had anyways closed my long positions yesterday because of the reasons as stated. Today morning because of the follow up of the yesterdays indecisive action I have opened a small short position at 4900 strike Put. I will close the position when the lead indicator tells me to to do so.
Trend indicator can turn negative in coming days suggesting far larger falls in the prices. But I dont want to guess the price direction and extent. I will just follow it.
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