Nifty gains : S&P closes near 1800 : Payroll data less than expected

Nifty gained towards 6100 , it may face resistance around 6200 levels . I will look to close my sell puts by end of todays session . Markets will look on IIP numbers and inflation data releasing this week . I expect markets to be bullish this week and will stay around 6200 levels . Key earnings to look out this week are SBI,DLF,Coal India , Tata Motors , NMDC , Hindalco and Sun Pharma . Another data released pointed out that Emerging economies growth slowed to lowest than last quarter except for India , Taiwan and Mexico .
S&P made a smart recovery and I feel will face some resistance here . There is a good opportunity to go short around 1800 . There was a disappointment on US NFP release where jobs contracted than last month , only positive news that unemployment fell to 6.6 percent which is close to Fed mark to further cut down on stimulus . US dollar dropped sharply but recovered by end of the day . I had closed my buy $EurUsd position well before the release . I am looking to sell $NzdUsd again if correct opportunity exists . Key events to look out this week are Janet Yellen to testify the monetary policy report  , ECB chairman to hold a press conference and China data .
Strategy
No change in long $UsdChf .
Closed long $EurUsd position
No change Nifty Put 5800 Feb Series.
No change in Icici Bank Put 880 Feb Series .
Statistics


Will surely update in my next post .

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