I am closing my sell #UsdJpy on profit ...I am taking a buy on the same pair of 1 mini Lot for a long term buy I am also taking a short future position on Nifty for April series with SL of 8775 Happy Trading
Nifty slowly going towards 6900 , but there will be a strong resistance around 6875 . Global cues being positive there will be a tough fight between bulls and bears . Good numbers by HDFC Bank , Zensar and Tata Elxi ..coming up today will be Cairn India , YES Bank and Ultratech Cement . We will see more of these earning and will update you on overall analysis . We will see some volatility due to expiry today , NSE will be closed tomorrow due to election day . I will look to sell Nifty 7100 Call for May series before end of day today and hope my sell call for 6900 series for April closes in profit . Asian stocks advance on strong global cues , China PMI slowest than last quarter but better than last month , question that will China will be able to meet GDP guidance for this year . Aussie dropped on the news that inflation rose unexpectedly , S&P rose on better earnings from wall street and my position is negative [short from 1870].Important events today will be Euro Zone PMI...
Apple failed to impress mobile users , with not so many changes in its new product Apple 7 , stocks dropped with the bearish sentiments globally .Users will await its launch next year as they may plan a surprise of their 10th anniversary . Equities dropped over the week , is it bear run or markets are just correcting naturally, very tough to say at the moment but i expect to be bearish until end of this year as Fed hike still uncertain in the coming months and there may be some uncertainty in the short term. Indian equities bullish in the long term but can retrace along with world indices , its definitely a good buy or top up at 8600 levels . can we expect a rate cut possibly not with FED uncertainty looming ahead . RBI may not take a chance in 2016 . Dollar was strong on bearish equities and i could see some buying in the buck against other currencies , at this moment i would like to short the Yen but looking for the right opportunity . I am adding another buy position at 1322 ,...
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