Nifty Falls : US - House passes budget : Important FOMC decision next week : 14 Dec 2013

Nifty fell last week after hitting all time high . I had forecasted that there will be a profit booking at that level and will correct to decide again . Actually I think it may fall further ...I have still not taken a call as  its still near a support level . successive closing below 6000 may spark a riot again testing 5700 in the near term . I have closed my Bank Nifty sell calls in profit . I have a sell call on Nifty for Jan series which is in the money . Industrial output fell and Retail inflation shot up to all time high which is not a good sign for the Indian Economy . Coming up next week FPMC meeting , WPI data and  RBI policy on Dec 17-18 . I will be watching the Nifty at 6000 . It may stop or it will go down again .
S&P closed at 1775 which is a good drop from last week . It has closed below 1800 level and I expect to close blow this level for another week to accelerate declines .  I am still holding short S&P which is in the money . US markets have given better returns this year and traders will start booking profits from next week onwards [in fact most of them have started and don't want to wait till FED meeting]. Important events next week is FOMC decision , China manufacturing data and IFO and ZEW business surveys from Germany . Coming to currencies i am still long $UsdChf from last 2 weeks which is still under pressure . I will look to close half of my short $GbpUsd as markets open on Monday morning . Also looking to sell $GbpAud or $NzdUsd  ...[please check my blog for Flash Updates].
Strategy
No change in Sell Nifty Jan Series
No change in long $UsdChf .
No change in short $GbpUsd.

Statistics

Stock / FX
Position
Lots
Margin
Buy
Sell
Profit / Loss 
Remarks
Nifty Call
Sell
1
23000 INR
78
93
600 INR
Closed
Nifty Put
Sell
1
23000 INR
22
25
150 INR
Closed
Bank Nifty Call
Sell
2
60000 INR
267
322
2600 INR
Closed
USDCHF
Buy
0.1
10 USD
0.9103
 
 
Open
S&P
Short
1
150 USD
 
1807
68 USD
P Open
Nifty Future
Buy
1
25000 INR
6214
6400
9100 INR
Closed
GBPUSD
Sell
0.1
10 USD
 
1.6337
 
P Open
Nifty Call
Sell
2
46000 INR
 
 
 
Closed


Total P/L
Oct
Nov
Dec
Forex
14.06 USD
114.2 USD
62 USD
Stocks
 
 
 
F&O
619 INR
225 INR
12450 INR

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