Week Ahead : Nifty Rally will it continue , S&P to climb into new zone

We are just 4 days for the budget from the new government , is it going to give reforms for the current financial year . It has already taken some bold moves by rising oil prices and passenger / freight fares last month . Expect Nifty to break barriers in case the budget is investor friendly or fall around support level if its the other way around . Equities at all time high globally and already in the overbought zone technically , I think Nifty may not surpass 7800 levels and will be looking to buy at lower levels . Other factors influencing the Nifty will be the Q1 earning this week and monsoon factor [overall still looking weak].
US stock were at all time high on strong employment numbers , analysts predict the earnings report to be flat starting this week . There is a chance that some companies in US will clock double digit growth for the first time in three years . I don't see an upside in equities as Fed needs to think a bit to raise rates and stop the free money flowing into equities . The currency market is giving an exact picture of stronger dollar and there may be a fall or a correction in equities in the coming months . Dow record is a nice number but with volumes going down equities may not be the best month this quarter .
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
No change in Buy Nifty Futures for July Series .
Statistics

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

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