US stocks drop after Fed minutes : Asian stocks follow

Nifty closed above 6100 again and will be bullish if weekly close is above this level  . This looks unlikely as global stocks have retreated after FED confirmed that it will continue to reduce stimulus in a phased manner . I am still holding my Sell call positions on HDFC Bank and Sun Pharma and will take a call on todays close . Stocks in action will be Ranbaxy which settled ant trust probe while Tata Group was counted as most valuable brand in Global 500 Top Brand list and Renuka Sugar as it may announce its stake sale today .
US stocks dropped after FED stated that it will continue to taper and monitor economic data for the next few months to maintain growth for this year . Asian stocks followed and are red on Asia open . Dollar gained across the board except the Yen and Franc on the news . I am happy to see my short $NzdUsd in the money and will look to close by end of day today . Major news was Facebook has agreed to buy WhatsApp for $16 billion targeting more mobile penetration . China Manufacturing fell than last month and IMF warned on growth and greater risks to EM economies . US housing statistics data was not that impressive and has contracted than last quarter . I am bullish on the dollar and looking to short $EurUsd today .
Strategy
No change in long $UsdChf .
No change in short $NzdUsd .
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 tomorrow .

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