Indian markets won’t take a breather until crude falls below $90 and then $80.
Right now, crude is still above $100 at time of writing this and the market is cautious.
It’s better to wait for a day or two to see where the ceasefire talks go.
US says they want to end the war but the decider is Iran in this case.
And Iran has been preparing for 20 years for this war. Will it back down after what it has seen past few days? And what’s the guarantee that either US/Israel don’t decimate Iran again, let’s say after 6-12 months? That’s a trillion $ question.
