BJP Euphoria : Nifty rallies : Global stocks follow

Finally the election euphoria has ended , India has given a clear mandate of absolute majority ..which is good going forward . Nifty touched a new high and settled around 5300 at close , All eyes on formation of government and portfolio management for council of ministers which will allow the markets to rally . I have a sell on Nifty around 9300 which is under pressure ..will wait and take a reverse position today . We should now see how the new government bring out reforms for a better and strong India . Markets will ne moving sideways taking cues from Monsoons predictions and the interim budget . As mentioned in my previous posts I will be bullish only after June 2014 ...looking to buy Nifty when it consolidates for the last time .
Asian stocks in green on todays open on earnings report . Dollar overall strong but may lose momentum in near term , keeping a watch on the Yen in case it closes below 101 it will fall further towards 100 mark against the dollar .Important events today is BOE is consumer price index figures . No change in my FX positions .
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 7300
Statistics

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

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