Nifty recovers : S&P continues upward journey : US Growth -blame it on weather

Nifty recovered and closed in positive around 6045 . I was looking to close my Nifty Puts and ICICI Bank Puts on Friday but will now close it on Monday open . WPI data cheered markets with overall inflation less than last month . Nothing much on the Railway budget with no increase in fares for freight or passenger traffic , also I don't think any thing will happen on Finance budget to be presented this month . Bad earnings from SBI , Thomas Cook , Cipla and Hindalco sent their prices down , again as mentioned in previous post not so encouraging data from this earnings season as it comes to and end . Macro indicators still not impressive - industrial activity down , slightly better inflation data and arise in exports with narrowing fiscal deficit . Coming up this week is Vote of account by Mr. Finance minster , speaking on policy changes and fiscal deficit .
US markets were up with S&P closing around 1840 , I am looking to short once again at that level and will see on Tuesday open as US markets closed on Monday . China growth slow and risk seen as bank loans surged than last quarter . Analysts expect that March 7 NFP release will not be so impressive due to cold weather in US , retail sales data and manufacturing activity have already declined in January . Unemployment in UK falling  faster and may reflect in its report on Feb 19 . Another report also suggested a increase in growth in Asian economies like Japan and Singapore . Key important events this week are ZEW economic data for Eurozone and China manufacturing data .
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 .

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