Nifty hovers at 6700 : S&P gains before manufacturing Report

Nifty closed around 6700 ....being there for 3rd session . RBI policy unchanged ...in case inflation remains low over a period of time then RBI may consider to cut down on rates to improve growth . I dont see any revival on the overall growth scenario in the near term and as posted will be looking to buy only after elections in June 2014 . Another interesting statement made was not penalizing customers for non maintenance of minimum balance . Indian manufacturing was down in march which is not a good sign and i see reforms not happening from the government to improve growth . I have sold nifty Call at higher levels and will wait till expiry .
S&P futures pointing to positive before manufacturing data due today . UK manufacturing to a 8 month low , they grew at lowest pace since last 2 quarters . Traders will now look for policy meeting next week . Dollar to gains in case ISM prints  positive than last month . I have taken a sell on Pound and will hold until target is reached . China prints lowest industrial growth than last month ...which is similar since last month . Traders will be looking for employment report due this Friday for next course of action on the dollar . I remain bullish on the dollar and I think US economy will start taking shape in 2014 .
Strategy
No change in long $UsdChf .
No change in short $NzdUsd .
No change in short $EurUsd,
No change in short SPX
No change in short $GbpUsd [executed yesterday].
No change in Sell Nifty Call 6900 April Series 
Statistics
Will update tomorrow ....

Happy Trading ...

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