S&P Flat: Sensex at new all time high :1 Nov 2013

US markets were flat yesterday but mostly lower the whole day due to increase in manufacturing data . US manufacturing was stronger this month than October . This was felt in S&P earnings this reason where most of the companies have recorded better sales and profits .All eyes will be on Twitter where they price their IPO on Nov 6 .Coming up next week is release of payroll figures for October , GDP Data and Confidence Survey . US Dollar was stronger last week as traders felt Fed can start tapering earlier due to strong manufacturing activity . Euro was the hardest hit
on drop in inflation report for October .
Sensex broke past its previous record high at 21206  . Just want to warn Investors is Stock market is not our economy , is this high truly justifies state of economy ..as of now it does not .Inline results from Netlink,Unique Organics,Triveni Glass, Navneet and Jayashree cements . I do not expect the rally to continue and is very surprising to see markets on all time high . We may see a correction this month and it will be a sharp decline as before . I am not recommending anything on the special trading day on Sunday Nov 3 .

Wish you all very prosperous and Happy Diwali [Festival of lights] . I am grateful for visiting my blog with your comments [only a few :)]. As per our statistics we are doing good on the FX side but are in negative in F&O . Nothing to worry as we will follow our plan and trade correctly .

Strategy
No change in Nifty Sell Call for November Series.
There was a loss in Bank Nifty Sell Call October Series.
Took 2 Bank Nifty Sell Calls for November Series .
No change in short #NzdUsd[partially open].
Partially closed #UsdChf .

Statistics
Stock / FX
Position
Lots
Margin
Buy
Sell
Profit / Loss
Remarks
Nifty Call
Sell
1
23000 INR
 
53
 
Open
NZDUSD
Sell
0.1
10 USD
0.8292
0.83865
 
Open
Bank Nifty Call
Sell
1
30000 INR
 
53
4600 INR
Closed
USDCHF
Buy
0.1
10 USD
0.8979
0.9107
6.4 USD
Open
Bank Nifty Call
Sell
2
60000 INR
 
215
Open
CADJPY
Buy
0.1
10 USD
94.25
 
 
Open
Total P/L
Oct
Nov
Forex
14.06 USD
6.4 USD
Stocks
 
 
F&O
619 INR
4600 INR

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