Asian Markets Flat : Industrial Activity picks in US : Nifty resistant around 5850 levels

Nifty closed around 5850 levels , meeting lot of resistance around 5800 levels . I feel it may fall before election results and then would be the start of the bull run . Inflation rose again and manufacturing not showing signs of recovery , hence very skeptical in the short term . IT majors have declared their numbers but not so confident for the next financial year . Coming up next week on earnings is Reliance , major banks like HDFC , ICICI  and Axis Bank . No change in  Nifty Sell call of 6900 .
S&P gained near 1870 mark and will be looking to sell again around those levels . On a Global Level China slowing as per data . US overall manufacturing picking up this quarter . Euro Manufacturing probably will recover than last quarter while German business confidence may be lower ..all coming up next week . Also need to look on inflation in Australian and probable rate hike for the Kiwi .No change in my FX positions and will be looking to sell SPX on Tuesday morning .
Statistics
No change in long $UsdChf .
No change is short $GbpUsd.
No change in short $NzdUsd .
No change in short $EurUsd.
No change in Sell Nifty call 6900
Statistics

Will update .....in my next post ....

Happy Trading ...

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