Nifty shines : US stocks fall : India Inflation prints lowest than last quarter

Nifty closed up by 100 points near 6300 . A close above 6300 on daily basis will be positive and will take to 6500 levels . I think it may not happen as it may correct to 6000 levels and then decide .Global cues remain weak and hence there may be downward momentum in the Nifty today . I am still holding my Nifty Future short even though I was tempted to close as it surged to 6300 levels yesterday .Inflation data was quite positive with CPI as well as WPI inflation fell the most than last quarter . There is some relief to Mr. RBI before it takes a policy decision .Q3 numbers will slowly start trickling down on Dallal Street as we will come to know the health of overall industrial scenario.
US stocks fell as analysts expected that earnings will not be the trigger factor to take stocks to new high . Asian stocks are also weak today morning taking cues from US /Eurozone markets . Coming up today will be Eurozone Inflation numbers , Pound consumer index and US Retail sales data . Interesting data for currencies today as results will impact major currencies for the day . I am happy to see my short GbpUsd and long UsdChf doing well . I still remain in favour of strong US dollar in the next 6 months and most of my positions will be long dollar .
Strategy
No change Sell Call Sun Pharma 640 @4
No change in long $UsdChf .
No change in half short $GbpUsd position.
No change in half short S&P.
No change in short $NzdUsd.
No change in short  Nifty Future Jan Series.

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