Nifty near 8900 : S&P eyeing new levels

Nifty has a good comeback from the last 10 sessions to close near 8830 ... I was short on the Nifty but quickly closed my position in profit . I am quite hesitant to take a long at this time ..but those who are already long please put a stop at 8700 levels ..India story looks promising and i will be bullish India until 2016 ...Look to buy on small setbacks on Nifty ..World Bank has predicted growth of 8% until 2017 and India will look to capitalize on investment led growth on all sectors .I don't have any positions on Nifty but will seek to sell puts strategy tomorrow.
Dollar remains to be strong in 2015 ...look to buy USD across currency specially Yen and Euro ..
I remain buy on #UsdJpy around 119 ....for a target of 121 .....S&P also looks bullish and may see to break 2100 levels . Look for any reports on drop in Shale Oil production in the US .. this will have an positive impact on Crude Oil . Reports suggest that they may see a drop in production after May 2015 .Commodities look promising and they may recover later this year ...to give you decent gains in a year or two .

You can track my account Live on the below Link ...
http://www.myfxbook.com/members/abhijeetrisbood/fxfresh/1200128 

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