'Everybody' is watching the S&P500 and Wall Street. Some may have forgotten about the India50 (the NIFTY). It appears to be troubled. I've shorted at what I estimate to be a turning point (which is not advice for others).
If this falls, it could be ugly.
I don't advocate breaking one's trading methodology or rules. However, exceptionally I say that one can exercise some common sense and judgement in taking a position (subject to an acceptable stop-loss).
This trade picture is one such exception. Elsewhere I would have said that one can make exceptions. ...