Nifty @new High : Asia Flat : S&P rises on Fed minutes

Nifty hit a new high touching 6800 levels .. will it go higher ???  Is this a pre election rally or are fundamentals really strong for India . I am still not convinced on the up move and bullish only after elections play out . Macro indicators not at all supporting the current rally and traders only cashing in on election euphoria . My 6900 sell call coming under pressure but I will continue to hold unless breached . Big day today as India votes for power in the next few days ...PLEASE VOTE ...as you are the building blocks of the nation .
Asia stocks flat on open as disappointing news coming from China . Exports fell and its now hinting that the road is not so great ahead and may be its slowing down . Dollar was weak after Fed minutes as the members expressed that the market has not taken their policy clearly . All my positions on the currency side are negative and I will rather wait for some more time as I see dollar will emerge as the winner in the long run . S&P rose after Fed minutes and will be followed by EM markets as well . IMF in their reports predicted a recovery in 2014 with US will lead among all nations .Aussie unemployment fell and it may now signal for a rate increase .
Strategy

No change in long $UsdChf .
No change is short $GbpUsd
No change in short $NzdUsd .
No change in short $EurUsd,
No change in short SPX.
No change in Sell Nifty call 6900
Statistics

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

Happy Trading ... 

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