Global Stocks near all time High : Should we be Bullish : 18th October 2013 .

Dollar weakens after debt deal while S&P advanced to record highs . Reports also suggested FOMC will delay taper and not start until 2014 . China posted better GDP than compared to last year signaling economic growth is stabilizing while Pound was stronger as BOE member hints they will be rate hikes this year . GE reported better earnings than last year . As of now [as compiled by Bloomberg] 72 percent companies reported good results which my reason for economy to be improving .Metals and Bullion gained on weaker dollar.

Nifty closed 6189 very near to all high and market participants are very strong that it will surpass this level next week . I am yet not convinced with markets in euphoria where macro indicators do not align to such level . This is not going to last long and markets will correct in the near future when traders actually realize the situation . We may see a fall for the last time and after which I will be strong on Indian economy . As per current levels it may touch 6250 - 6300 before it starts retracing .

Strategy

No change in Tata Motors Strangle .
No change in Short #EurGbp position .

Happy Trading and have a Nice weekend . Statistics to be reported next week .