Nifty at new high : S&P near 1870 levels

Nifty crossed 6800 levels and may face a resistance around 6850-6875 levels . There was buying all around and hence we have reached at those levels . Will we sustain at this level or may be a break is required to move up further . There is no change in my Nifty positions but will rather wait till expiry . Good numbers by RIL , LIC housing finance and Crisil , we will see lot of coming up this week . All eyes are on election results and hence a caution to investors please do not think only in political point of view but also look at economy and other macro indicators .
Asian markets flat , S&P rises in straight sessions as analysts predict that corporate will indicate better profit guidance for the next year . Volumes are thin since last 2-3 sessions due to holiday and expected to pick up this week . Lot of events this week and we may see some volatility on the currency side as well . I am taking a short trade on S&P at 1870 levels and lets see how it goes through next week .
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 ....

Surprise 
I will be giving out  IPL T20 tickets [randomly] who are following me on my blog . Will keep you posted on my blog .

Happy Trading ...


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