Nifty Flat : S&P tops again : EM stocks may fall on Ukraine crisis

Nifty was flat on Friday but closed in positive for the week . I am still not convinced on its bullish sentiment and will remain to trade within the range . I will buy only after elections play out . Coming up this week is data on manufacturing activity [HSBC PMI] . Markets will be under pressure due to Ukraine conflict as money will tend to flow to safe currencies like Dollar , Yen and the Euro . I don't see any change in inflation but rather will come down as year goes by and the same with no hike in rates till April 2014 .
S&P reached a new high and has currently gapped down on Asian open . Global markets will follow as day progresses and worst hit may be emerging markets . Yen has already opened strong against all currencies with crude and gold to trade in positive on  geopolitical tensions . Important events this week will be NFP release on Friday , ECB rate decision and PMI / GDP data on China . There is no change in my FX and Options positions . Asia markets are down over Ukraine and bad data out of China .
Strategy
Strangle on HDFC Bank
No change in long $UsdChf .
No change in short $NzdUsd .
No change in short $EurUsd,
Statistics
I am ready , missed out some data . Will post tomorrow .

Happy trading .......

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