Nifty stops near 6700 : Asia & S&P undecided : US Payrolls print less than estimated

Nifty dropped near 6700 after a good run up last week . I expect the Nifty to be in a range from 6400 to 6700 before polls results are out . Another factor to look at will be Monsoons this year . Inflation remains to be low and industrial data not so impressive till now . Earnings will start by next week and we will see how Corporate India has fared than last year . I don't see any surprises on the earnings nor on the economy front to be bullish now . Elections start next week and please do not forget to VOTE . Also do not get carried away by exit polls shown by various TV channels . Elections results are not the deciding factor for Markets to perform in near term . No change in my Nifty Positions .
Asian stocks were down and traders will look to see monetary policy by BOJ on Tuesday . Will it continue its stimulus program  to lift Japanese economy .  US payrolls missed analysts expectations but i still feel the numbers were quite strong and hence will be buying dollar gradually in 2014 . Euro , Pound , NZ were down this week and i predict to fall below in coming months . Important events this week will be BOJ Monetary policy , German Trade Balance and Rate decision , Aussie employment figures and China  Consumer confidence report.
 Strategy
No change in long $UsdChf .
No change in short $NzdUsd .
No change in short $EurUsd,
No change in short SPX
No change in Sell Nifty Call 6900 April Series 
Statistics
Will update .....shortly ..

Happy Trading ...

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