Nifty within range : S&P at resistance : Asian stocks weak on open

Nifty still inside the range , it managed to close above 6100 but could stay there for 2-3 days . Hence I am still undecided on the direction of the Nifty . I am bearish currently and expect a fall towards 6000 levels . I was about to take a call on closing my Sell call strategy of HDFC Bank but will again wait for a day or till expiry which will happen this week . For the last few weeks we have seen the nifty trading in 6000 - 6300 range and will continue to do so till April 2014 . Stocks to watch today will be utility companies like Tata Power on CERC order to hike power tariff .
G20 nations agreed to boost global growth over 5 years , they will come up with strategies and policies which will help top 20 nations to achieve targeted growth . US and Euro stocks ended mixed this week but more on the downside . There was a clear resistance on S&P and it may retreat back to 1750 levels . Not so impressive data coming out from Euro nations and US last week as currencies too were range bound .Asian stocks down on opening on China tighter lending policies for this quarter . I have taken a sell on $UsdCad this morning , other positions remain unchanged .
Strategy
No change in long $UsdChf .
No change in short $NzdUsd .
Sold $UsdCad this morning
No change in Sell Call Sun Pharma position for Feb Series.
No change in Sell Call HDFC Bank position for Feb Series
Statistics
Will update in my next blog

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