Asia Markets flat : Crimea votes for Russia : Sanctions threat looms

Nifty was around 6500 last week after a life time high . I expect the markets to correct this week to around 6350 levels and then decide on direction . Elections coming up next month and the new government to be formed before June 2014 , I think nifty will be in the range of 6000 - 6600 before taking the next leap .
Asian markets down on open on geopolitical tensions in Ukraine , we need to see how global markets behave today on the news . Important events this week is inflation data for US and Canada, Euro consumer confidence report and FOMC meeting on 18th and 19th . I have taken a sell on SPX [S&P] today morning at 1840 for a target of 1800 and SL of 1850 . There is no change in my long dollar positions and wait as I see a strong dollar post the meet .
Strategy
No change in Sell Calls HDFC Bank
No change in long $UsdChf .
No change in short $NzdUsd .
No change in short $EurUsd,
Sold S&P at 1840

Happy Trading .

Comments

Popular posts from this blog

Crypto Currencies: Is it worth investing

S&P bullish : Nifty slides : RBI Policy Ahead

Markets Quiet , Awaiting APPLE product event