Nifty in a range : S&P at record high : Asian markets open positive

Nifty is range bound and will fluctuate between 7500 - 7700 . Breakout on either side will take it to the next level . Interim Budget for the new government is likely on July 11 and this will be the next big event for markets to decide . Overall business confidence remains highest as they think new policies will be business friendly for overall growth . Nifty likely to open positive todays taking cues from global markets with Asia and S&P are in green yesterday . No change in my Sell Nifty Call positions .
Asian markets in positive on Fed comments yesterday  , US is on a recovery path and will raise interest rates until next year , reducing stimulus as expected and will gradually will be to Zero by 2015 . I think Fed will wait for another quarter to take some strong decisions on inflation and interest rates . S&P climbed to record high and is now in overbought zone , I am unhappy on the equities and now demands a healthy correction for a leap forwards . Dollar was weak after Yellen's announcement but I am still optimistic that it will rebound by end 2014 . No change in currency positions as of now and will wait for new positions to be taken .
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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