Nifty below 6200 : S&P bearish :

Nifty closed in red at todays close . Its a bearish close today and is within the range of 6000-6300 . I hade taken a long position in Nifty last week as it closed above 6300 , but it was a false breakout and soon nifty came down to 6200 . I expect to fall towards 6000 in coming weeks . Q3 earnings kick starts this Week with Infosys results on Jan 10 . Also coming up industrial activity barometer for India which will project overall manufacturing scenario in India . With elections coming in next 2-3 months the government is now planning to disinvest in PSU ,which is a common strategy used by ruling party over the past 20 years .Oil ministry has confirmed that IOC disinvestment will be carried out on Jan 9th. I continue to hold sell calls on Nifty and Bank Nifty for Jan series .
US stocks turned lower on reports that services grew slower than forecast . Traders will closely follow unemployment figures this Friday . Analysts expect to have a lower print than next month . S&P has started the year on a bearish note and will continue for a month I expect a fall towards 1780 levels . I am still holding short S&P [half position] .
Strategy
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.
No change in short $NzdUsd.

Statistics

Stock / FX	Position	Lots	Margin	Buy	Sell	Profit / Loss	Remarks
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	6375	6230	7500 INR	Closed
GbpUsd	Sell	0.1	10 USD		1.6337		P Open
Nifty Call	Sell	2	46000 INR		72		Open
NzdUsd	Sell	0.1	10 USD		0.8186		Open
Bank Nifty Call	Sell	1	25000 INR		154		Open

Total P/L	Oct	Nov	Dec	Jan
Forex	14.06 USD	114.2 USD	62 USD
Stocks
F&O	619 INR	225 INR	12450 INR	7500 INR