Nifty Flat on interem budget : Asia strong on open

Nifty was flat on Mr. Finance Minister vote of account speech . Tax rates were unchanged but there was a small change in excise duties to boost auto and infrastructure . The full budget will be presented after the new government is formed in June 2014 . He is optimistic on inflation and growth for the year 2014-205 . I have taken a sell call strategy on Sun Pharma and HDFC bank as I think markets will not be bullish in near term . There is a risk as my HDFC bank sell call strategy was very close to stop out , we will wait till expiry and I hope to close out the position in profit .
US markets were closed hence currency markets were range bound for the day . Asian markets were in green on opening and traders waiting for BOJ statement . Another key event to look out today is UK inflation and consumer price index data . Gold has now moved to $1323 and I think will not be able to push higher . I am looking to sell Gold around 1300 levels .
Strategy
No change in long $UsdChf .
No change in short $NzdUsd .
Sell Call Sun Pharma position for Feb Series.
Sell Call HDFC Bank position for Feb Series .
 

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