Rate cut disappears into thin air? Another Angel Broking slam!
Of course it may not be today but the man is in his element with HDIL short a good target as overleveraged promoters of such are in a good place to only place bets on market speculationof a rate cut. As usual the optimism is already clearing up just before the noon announcement
However shorts are unlikely to have gained in HDFC yet may need only 5 minutes in select counters rather than burning up on the announcement as most would have walked out ont he hope already. I would rather just hold 5800 solds as a position in the market. ( Sold puts = Option to sell given to other party and premium received upfront unlikely to be called as markets sustain on the turnaround with or without the raate cut