Flash Update : Closing my remaining #UsdChf :Nifty drops,Asia Stocks down with US : 7 Nov 2013


I am closing my remaining open position on long #UsdChf  before NFP release on Friday . I continue to hold long #CadJpy position . Nifty dropped for the second day on profit booking and I am expecting an weak opening today morning . Asia markets were down on opening and US markets closed positive yesterday . Technology shares dropped before biggest IPO of the Year [Twitter] , its expected to start trading today ..Others news coming from Germany where industrial activity picked up , there was a drop in workers strength in Australia and ECB rate decision today .

Coming to India earnings not so good results by Ashok Leyland , BHEL and Voltas . Markets have already absorbed the action from earnings side and the direction depends upon how stocks behave globally .

Strategy
No change in Nifty Sell Call for November Series.
No change in Bank Nifty Sell Calls for November Series .
No change in long #CadJpy

Happy Trading



 

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