Global stocks fall : All eyes on Budget and Economic Survey - India

"Nifty had a free fall " - almost getting it to 7800 mark and then dropping suddenly below 7700 levels . As posted earlier I don't see much of buying at current levels , there may be euphoria on budget day but I expect some correction on equities globally . I am closing my long Nifty futures at 7650 and expect the Nifty to close below 7700 for July series . Coming up today Economic Survey which gives us current economic scenario and measures taken during the last year , and budget coming up tomorrow . Budget failed to impress the markets but some good measures that government will allow FDI participation to improve quality and growth for railways. Also earnings to start on Friday with Infy numbers and will be looking for performance in Q1 for corporates and the impact on Indian Markets .
S&P fell to around 1960 levels followed by equities worldwide , I think Fed has got a hint that its time to raise rates or cut down on easing sharply with strong numbers on unemployment and industrial activity [even though its not that impressive] . UK industrial activity declined last month after showing growth in last 2 quarters . Japan surplus improves as they cut down on imports but this may be a temporary as exports are still not showing any signs to pick up . Dollar was weak across the board , looking to be stronger except for Yen in short term . All my currency positions are unchanged and looking to buy dollar again .
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 7700 July series
Statistics

Will update .....consolidating results ...Lot of data to check ....

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