Inorder to recoup the morning stops losses, we have squared all the subsequent postions (one $/INR and two JPY/INR).
morning stop losses resulted in loss of : Rs.43 (-)
subsequent actions :
(1)short $/INR nov @ 50.05 squared at 49.8625 gain: Rs.18.75 (+)
(2)Short jpy/inr nov, dec @ 65.1050 and 65.23 squared at 64.84 & 65.1375 net gain: Rs. 357.50
Dec JPYINR has a huge bid-offer spread 64.9250-65.13
In coming days extreme volatility is expected.
Corrective steps after initial stop-losses have been right in re-assuming the balance.
morning stop losses resulted in loss of : Rs.43 (-)
subsequent actions :
(1)short $/INR nov @ 50.05 squared at 49.8625 gain: Rs.18.75 (+)
(2)Short jpy/inr nov, dec @ 65.1050 and 65.23 squared at 64.84 & 65.1375 net gain: Rs. 357.50
Dec JPYINR has a huge bid-offer spread 64.9250-65.13
In coming days extreme volatility is expected.
Corrective steps after initial stop-losses have been right in re-assuming the balance.
No comments:
Post a Comment