Nifty at all time high : Asian stocks weak : S&P recovers towards 1900

Friday was a festive season for Indian markets , Nifty reached at all time high up by almost 200 points to close near 6900 . Will the euphoria continue ..??? It will great fun to watch the next few days as opinion polls will start kicking in from 6 pm today with every news channel will predict the outcome . In case of clear majority expect the markets to peak and in case of hung parliament it will go the reverse way . As a trader always try to make money irrespective of markets going in any direction , u need to decide on a proper system with strict  win and lose percentages .  I am still holding my Sell 7300 Call for Nifty and will hedge my position in case nifty closes near that level on a daily basis . Lot of volatility as option prices have picked up and many brokerage firms have increased margin requirement for positions , exchanges have geared up and re checking systems so that they don't fail . Lot of events  with Inflation numbers and manufacturing data coming up this week apart from poll results on May 16 .
Asian stocks weak on opening after Chinese president hinted new measures need to be adapted for a turnaround in the economy . Lots of news coming from US as statement made from Fed Member that tapering will stop mid 2015 in case US economy continues with strong  momentum . Dollar was strong last week with Euro and Pound taking a beating in spite of good manufacturing data . Need to keep a watch on S&P with a close below 1860 will take it to 1800 levels .
Binary Options : I have just started posting signals and have not done well last week . I am positive about it and keep watching my blog for more .
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 .....in my next post ....
 

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