Nifty Drops : S&P still higher : Asian stocks tracking global cues

Nifty tanked downwards  on bad IIP numbers below 6000 . Industrial output was down for the third straight month and on news that that RBI may hike interest rates again . Manufacturing eased in consumer goods and capital sector .Inflation data was better this time which is down for the second month in a row . I think nothing to worry much on inflation but important is to have good growth in manufacturing . Watch out today for WPI data where nifty may take cues after the release .ONGC , Hindalco and Cipla fell the most on weak earnings . Nifty to be bearish below 6000 and a close today below 6000 can take it to 5800 levels . I am looking to close my Nifty and ICICI bank Puts today during noon session .
S&P was higher at 1821 and has closed in green for the last 7 days . Dollar weaker as claims for unemployment rose and bad print on retail sales than last month .Earning season for US is slightly lower than last time but I feel will not be a problem as I see industrial activity picking up in US for almost 2 quarters . I am still holding $NzdUsd short with a stop loss of 100 pips , closely watching $UsdJpy and $EurJpy for downward moves and may look to sell if opportunity exists .
Strategy
No change in long $UsdChf .
Short $NzdUsd .8306 .
Looking to close Nifty Put 5800 Feb Series.
Looking to close Icici Bank Put 880 Feb Series .
Strategy

Stock / FX
Position
Lots
Margin
Buy
Sell
Profit / Loss 
Remarks
USDCHF
Buy
0.1
10 USD
0.9103
 
 
Open
Nifty Put
Sell
1
25000 INR
 
48
 
Open
ICICI Put
Sell
1
35000 INR
 
15
 
Open
USDCAD
Buy
1
10 USD
1.1065
1.1086
2 USD
Clsoed
EURUSD
Buy
1
10 USD
1.3504
1.3591
9 USD
Closed
NZDUSD
Sell
1
10 USD
 
0.8306
 
Open


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

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