Nifty Falls : S&P drops again : RBI policy - Will rates rise again

Nifty had a gap down opening as mentioned in my last post . I also closed by Sell calls on Infosys and Infy and will now see to sell at rallies in the next 2-3 days . Nifty support at 6000 if broken will go to 5800 levels . All eyes on RBI policy as I don't expect any change in monetary policy today , Mr. Rajan has a breather this time of keeping rates same as inflation has cooled down and will inch slower in coming months . Stocks in news were HUL , Allahbad Bank and Coromondel where results were as per expectations . Stocks to watch today will be NTPC , Sesa ,Shalimar paints , Titagurh , Jindal Steel and Maruti as they will post today .Asian stocks were in red in the open on growth concerns of China and Fed Taper.
S&P declined to a new low last night on news that emerging markets will be impacted in near term . Major announcement today as Fed concludes  2 day meeting on the decision to continue stimulus gradually .Earnings report are better than last quarter which shows growth slowly picking up in US . Data in new home sales shows that purchases declined than last month blaming it on bad weather . Analysts see a sustainable housing recovery going forward globally .I have closed my short S&P in profit . I will now be concentrating on currencies which have taken a back seat since last month
Strategy
No change in long $UsdChf .
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
1780
1807
168 USD
Closed
Nifty Future
Buy
1
25000 INR
6375
6230
7500 INR
Closed
GbpUsd
Sell
0.1
10 USD
1.6302
1.6337
2.58 USD
Closed
Nifty Call
Sell
2
46000 INR
4
72
3350 INR
Closed
NzdUsd
Sell
0.1
10 USD
 
0.8186
 
Open
Bank Nifty Call
Sell
1
25000 INR
25
154
6250 INR
Closed
Nifty Future
Sell
1
25000 INR
6375
6230
6500 INR
Closed
Sun Pharma
Sell
1
35000 INR
0.65
4
1300 INR
Closed
Infosys
Sell
1
35000 INR
13
19
750 INR
Closed



Total P/L
Oct
Nov
Dec
Jan
Forex
14.06 USD
114.2 USD
62 USD
101 USD
Stocks
 
 
 
 
F&O
619 INR
225 INR
12450 INR
2350 INR





 

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