S&P hits record high : Global stocks to follow

Nifty rallied near 6300 and will reach 6400 soon after which it will face some resistance. I will be looking to sell Calls again of higher strike prices near that levels . Asian stocks have opened strong as geopolitical tensions in Ukraine as eased out and Nifty will follow soon . Question is will Nifty rally to life time highs ...Answer is yes if we get a closing near 6400 for the next 2-3 days .  Important event will be that EC will announce election dates today to be held in phases . Commodities took a hit after it rallied yesterday .
S&P reached another high near 1877 and will look to sell again below 1850 . US economy is seeing signs of progress for the last quarter and will pick up after mid 2014 . I can see Eurozone also started to pick up but will take some time till end of 2014 . Another report said that Automakers around the world are quite optimistic and will now showcase their new creations in months to come . Global recovery is happening but we need to wait for some more time so that we invest in those markets . No changes in currencies as I see Yen weaken for the last 2 days . Keeping a watch on Euro and Franc to get some direction [looking to add to existing trades].
Strategy
Strangle on HDFC Bank
No change in long $UsdChf .
No change in short $NzdUsd .
No change in short $EurUsd,
Statistics
No Comments , very lazy .... Will post tomorrow .

Happy trading .......

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