Nifty Asia recover : S&P Flat : Market look for Eur/Gbp rate decision

Nifty closed in positive and Asian markets were in green on open . I expect this rally to continue this week with 6200 target for the Nifty . All depends on US payrolls data which will decide further action on stocks globally . Bad day on earnings as BHEL , Glaxo ,Timken , Ranbaxy all of them reported drop in net profits, important numbers to watch out today is ACC and Ambuja Cements . No change in my sell puts for ICICI and Nifty .
Aussie was bullish as Australia reported improved retail sales and trade surplus . Key events to watch today are Eur/Gbp rate decision . It will be bullish for both the currency pairs if they keep rates unchanged and no change in policy . S&P is flat and facing a resistance at 1740 levels , break below will take it down to 1700 . For a long time we have not discussed on AU , Gold is facing a resistance at 1270 and I expect to go down again at 1200 levels . Looking to sell $NzdUsd again higher
Strategy
No change in long $UsdChf .
No change in long $EurUsd [looking to close today] after rate decision
No change Nifty Put 5800 Feb Series.
No change in Icici Bank Put 880 Feb Series .
Statistics


Will update in my next post .
 

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