Nifty undecided : S&P still holding above 2080 : Asian market close weak

Being an expiry day ..was expecting volatility ..and Nifty finally closed in positive ..Looks like it may be range-bound in the May series before we rally around 8500 where it can face stiff resistance .Markets now open on Monday and i will be looking to sell Puts around 7800 - 7900 series and pocketing the premium  .. My Sell Nifty call closed in profit for April ..Overall i am still bullish on India and looking for a target around 9000 again for 2015 . Earnings not looking quite positive ...Investors can buy in small quantities on all Index stocks for good returns in 2015 .
News update for today is that Finance bill was passed in the Lok Sabha and had given clarifications on MAT applicable to FII 
S&P still managing around 2100 levels and is still looking bullish until it turns downward ..There were some positive data coming from the US and traders will be looking on key numbers from Japan ..#UsdJpy already rallying before the news ..as well as all other JPY crosses .. #EurUsd loosing steam and will look to sell now . No change in my buy #UsdJpy position .
I am also looking to buy Gold for a longer term but waiting for some consolidation to happen around 1180 levels ..Oil not so great ..but we can buy for other commodities like Coffee and Copper for a longer term . I need to research them and will publish it in my next post

Strategy 

Watching Nifty : Sell Puts around 7800 for May series
No change in Buy #UsdJpy
Watching #EurUsd to sell early morning tomorrow 

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