Implications of small changes in US Bond Yields and USDINR

As US Yields cool off a tad bit, it results into Dollar index cooling and Rupee strengthening. Our Forex Reserves increased, our yields fell and our benchmark equity indices soared. India's maiden 50 year bond issue was oversubscribed and that shows how much interest and confidence there is about India over the coming few decades.

India's largest Festival season - Diwali is on and that is adding to the positive mood and momentum.

Technicals also seem to be changing from sell to buy - but it is early days yet.

So the script works just fine in these conditions as in all other ones. If market makes a new low as compared to previous candle, it buys one unit, thereby effectively pulling the average cost down.