A new position

After 2 successful positions am trying another stunt...

The ESM has been ratified by German courts leading to some optimism (around the world) though with conditions attached ... THe FED is expected to announce some easing trow.

However I have started building shorts again so far I have added 150 Nifty shorts November @ 5461 (avg). As of date portfolio is -6k.

Tomorrow I expect the market to move up 30 -40 points on Nifty when I will add one more lot.

I expect the FED to diappoint as announcing easing before US elections could be difficult politically . even if it does maybe the quantum will disappoint ...

Anyway once all the gas is dissipated markets are bound to come down. hope to see 5200 on the Nifty in September itself which should again make 30k for me.

A slight change of strategy

Came out of Nifty Sep short 350 with a positive of 24000.

Logic : Reducing spanish 10 year yields.

Also took 1 Long Nifty 50 and 1 Dow Long 25. Expectation was with ECB announcing bond buying there will be a short covering rally tomorrow.

So far seem vidicated as FTSE up 57 and Dow up 150 points with a whole day of trading left.

Hopefully will exit LOng with + 5k tomorrow.

Since Europe has delivered I guess FED will not ease now unless payroll results are very bad tomorrow (expectation is opposite). If FED doesnt ease markets will fall.

I guess will start shorting Nifty again after 5300 all the way to 5500. THis time will target Nov series and will try to increase average to around 5400.

Lets see.