Nifty flat : Asia markets weak : S&P recovers : Market awaiting Fed Policy

Nifty traded flat around 7500 levels after a fall last week . I am looking to buy around 7400 levels for the Nifty . Inflation numbers not so impressive and went up to 5 month high and may increase further in case of weak monsoons , I don't understand here with monsoon just around we need to see another 2 months to see the actual data on monsoons , but as they always say Markets are always right . Global stocks too under pressure that's the reason I see a weak nifty for this month . Asia stocks weak on opening due to Iraq concerns . Overall stocks are weak  globally until these tensions eases . I have sold 2 lots of Nifty for July series at strike 7700 as I am bearish on equities for June and July .
S&P recovered to 1940 but looking bearish in the medium term . Markets will be awaiting Fed policy today tomorrow and likely to hint on rising rates as US economy picks up in 2014 . RBA has kept rates unchanged with Aussie is weakest today morning and expecting to drop at .9300 . Otherwise I  am bullish on the dollar and keep watching my posts for trading positions on equities and currencies . I expect a rise in volatility in currencies post UK session on Fed policy announcement and US consumer price index figures today .
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
No change in Sell Nifty call strike 7700 July series
Statistics

Will update .....still checking all results

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