Nifty around 7400 : S&P posts new high : Asia stocks mixed

Nifty was back in action and was near 7400 mark , first time after General election results were announced . India GDP not growing as expected to be , yesterdays RBI policy also reflected the same with no signs of interest rates coming down , inflation still a concern and manufacturing not so impressive as of now . In spite of all this Nifty is at record high which is quite surprising to me , I just attended a meeting on Indian economy few days back and one of the question raised was what will be Nifty when we come back on growth path . Nice to see so many young investors ready to take  risks do business in our economy . My sell Nifty 7500 call coming under pressure but I will still stick to y position till end of expiry . I also mentioned in my previous posts that I will be bullish after June , hence waiting for some nice correction before building up positions .
S&P rallied to new high on strong services sector growth but ADP figures as compared to last few months is progressing slowly . Asian markets mixed on opening and all eyes on ECB rate decision . We have another important event on Friday with US NFP report which may show good numbers . Coming to currencies dollar somewhat stronger compared to other basket of currencies . NZ dollar showing weakness and may continue to do this month, expecting Yen to be stronger for the final time and may turn up weak for days to come .
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 strike 7500
Statistics

Will update .....still checking all results
 

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