India -Earnings start this week : China is it slowing down : S&P near 1800

Nifty around 6800 mark ...will it march ahead by May 16 [polls outcome].  Feb Industrial data prints low which is lowest for the last 9 months hence slow manufacturing data since last 3 quarters which is not an healthy sign for India .Its every interesting month now as market will not at all price in earnings , economic data but will  react on opinion polls and strategy reports . Infosys will declare its results on Tuesday  for the quarter and revenue growth guidance for the next financial year . Reports suggest that Nifty may cross 7000 mark until May 16th as market participants think India will vote for majority . I don't want to comment here and will rather wait till June to be bullish . Coming up this week Inflation data and Jan-Mar earnings from Infy , Wipro , Reliance , TCS and Indusind Bank .
Asia stocks flat on todays opening as concerns over high inflation grows . Mixed signals from china on growth as economists feel they are slowing down . S&P fell towards 1800 mark . I have closed my short S&P position at 1814 [Refer to Post on March 17] in profit . There is no  change in my FX positions as I am bullish dollar for the year 2014 . Important events this week will be US retail sales numbers , German consumer confidence and China GDP numbers .
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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