Nifty swings up : US GDP increases: 22 Dec 2013

Nifty made impressive gains by rising 100+ points closing towards 6300. As most of the traders are in a holiday mood volumes will be thin from this week onwards globally as well as Indian markets . I was surprised on the +ve  gains on Nifty and in case it closes above 6300 we can see markets moving towards 6500 , else we will be in a range from 6000 - 6300 . Next week will be expiry and then we go into the new year , No specific major data this week on Indian markets . 2014 will see Q3 earnings coming in and then politics will be the headliner as EC has given a statement that the new government has to form before June 2014 .
US GDP climbed at its strongest since 2011 . S&P rose to its highest level . I will look to close my short S&P on Monday opening and will be looking to short again as I still see a downside in the short term . With economy improving my biggest trade will be the dollar in 2014 . No major key announcements ,coming up next week is CAD GDP data , US Durable Goods Order an Yen inflation data .  My posts will be more on outlook for 2014 from next week onwards and I will put my views on Equity , Currencies and Bullion .

Statistics
No change in Sell Nifty Jan Series.
No change in Sell Bank Nifty jan series
No change in long $UsdChf .
No change in half short $GbpUsd position.
No change in half short S&P  [looking to close tomorrow opening ]
No change in short $NzdUsd .
Statistics
Will update tomorrow in the evening.

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