Nifty support at 6000 : S&P and Asia pointing lower

Nifty ended at 6089 down than last week , I anticipate some more weakness towards 6000 - 5900 levels . Globally investors will refrain from buying Indian equities until May - June 2014 as they are skeptical about the new government . We will see a flat movement between 5800 - 6500 levels until then hence best strategy would be to buy when it comes near to the support zone and sell at resistance level . Asia stocks were weak on opening with China manufacturing data lower than expected . Berger Paints , Sobha , Godrej  delivered as per expectations but was surprised to see Grasim and Merck reporting slump in profits . Overall this earning season is not as expected than last quarter .
S&P pointing lower in Asian open , it suffered the most fall for a month . With US economy improving we may see it correct to 1700 levels before we see the next surge. Dollar was strong last week and we may see some correction before NFP data is out this Friday . I made a decent profit on my short $UsdCad last week and will look to sell again . Important events this week are payrolls and unemployment data from the US and ECB monetary policy .
Strategy
No change in long $UsdChf .
Closed short $NzdUsd in profit
Closed short $UsdCad in profit
 

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