Global Markets climb : Oil and Gold Decline : 25th Nov 2013
Stocks rose in Asian and Europe . Indexes closed in Green , Nifty was up more than a percent and staged a smart recovery . As mentioned in my last post i was about to take sell call on Nifty for the current series , but seeing a gap open today morning i am refraining from taking a decision on Short Nifty . I may take a position tommorrow with stop loss of 6250 . If the market races to 6250 i will then not be on the short side . Oil and Gold declined on news as Iran signs a nuclear deal with US as they will curb in its nuclear programme .
Macro Economic indicators still not improving and inflation still not under control i am still surprised with markets not consolidating . Banking Stocks and Capital Goods index were the biggest gainers followed by Auto and FMCG . Many of them are waiting for RINL IPO , which is the second largest state owned steel maker after SAIL .
I was quite nervous on my short $EurUsd position in the afternoon as it was nearing stop loss . Prices has turned down sine then and i am still holding on to the position .
Strategy
No change in Bank Nifty Sell Calls for December Series.
No change in my Sell @EurUsd position.
Statistics will be updated in my next post .
Happy Trading .
Macro Economic indicators still not improving and inflation still not under control i am still surprised with markets not consolidating . Banking Stocks and Capital Goods index were the biggest gainers followed by Auto and FMCG . Many of them are waiting for RINL IPO , which is the second largest state owned steel maker after SAIL .
I was quite nervous on my short $EurUsd position in the afternoon as it was nearing stop loss . Prices has turned down sine then and i am still holding on to the position .
Strategy
No change in Bank Nifty Sell Calls for December Series.
No change in my Sell @EurUsd position.
Statistics will be updated in my next post .
Happy Trading .
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