Polls results to decide Nifty : US unemployment at 5 year low : 7 Dec 2013
Everyone awaiting polls outcome tomorrow which may give clues as to what will happen in
parliamentary elections in May 14 . Whatever the outcome we will book profits on Monday
9th December , we expect gap up on Monday morning and we will execute out trade by afternoon . Lot of activity coming this week starting from State Assembly election results , FOMC meet on Dec 17-18 , Macro Data on Trade and Inflation Data on Thursday .
US added more jobs in November with the biggest surprise unemployment fell from 7.3 to 7.00 .IN spite of good numbers dollar was trading low on Friday as analysts still not convinced that will Fed start reducing stimulus from December or in 2014 . US stocks bounced , S&P reached its 1800 mark again . I am still short S&P [half position] with a strict stop loss of 1812 [previous high] . There is certainly a chance from Fed to start signaling end of stimulus gradually and end to it in 2014 . Economy as I see from Macro point view is showing improvements and will gather steam next year . Watch the Euro at 1.3750 and the pound at 1.6400 . Any indications or resistance at these levels will start a sell off , with dollar becoming stronger . I may take a short $GbpUsd position when market open on Monday .
Strategy
No change in Long Future Nifty December Series.
No Change in Sell Nifty Call December Series
No change in Bank Nifty Sell Calls for January Series.
No change in long $UsdChf position .
No change in short on S&P equity [half]position.
Statistics
Sure to update tommorrow . :)
parliamentary elections in May 14 . Whatever the outcome we will book profits on Monday
9th December , we expect gap up on Monday morning and we will execute out trade by afternoon . Lot of activity coming this week starting from State Assembly election results , FOMC meet on Dec 17-18 , Macro Data on Trade and Inflation Data on Thursday .
US added more jobs in November with the biggest surprise unemployment fell from 7.3 to 7.00 .IN spite of good numbers dollar was trading low on Friday as analysts still not convinced that will Fed start reducing stimulus from December or in 2014 . US stocks bounced , S&P reached its 1800 mark again . I am still short S&P [half position] with a strict stop loss of 1812 [previous high] . There is certainly a chance from Fed to start signaling end of stimulus gradually and end to it in 2014 . Economy as I see from Macro point view is showing improvements and will gather steam next year . Watch the Euro at 1.3750 and the pound at 1.6400 . Any indications or resistance at these levels will start a sell off , with dollar becoming stronger . I may take a short $GbpUsd position when market open on Monday .
Strategy
No change in Long Future Nifty December Series.
No Change in Sell Nifty Call December Series
No change in Bank Nifty Sell Calls for January Series.
No change in long $UsdChf position .
No change in short on S&P equity [half]position.
Statistics
Sure to update tommorrow . :)
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