We Forecast .Markets Decide ..

Markets near all time High Taking a Sell on 2 Lots of Bank Nifty at strike 11800 @215 .

Everyone is now waiting for FED action which will determine the direction of US dollar and equities next month . Asian markets were flat , Sensex was at all time high at close . S&P was trading in Red at the start of the session . Mixed earnings today with LinkedIn, Western Union reported drop in revenue , GM met estimates . Inflation was reported high in US due to increase in fuel prices . Another reports suggested weak job growth will remain for an extended period . Sensex closed at record high at 21033  . Bank Nifty fell due to poor results from OBC , IDBI and Bank of India . We have taken a sell call on 11300  for Bank Nifty expiring tomorrow . We are very near the 11300 mark but I would like to see how things work out tomorrow . If it closes below 11300 then we are in profit else we need to book our loss and come out . I am expecting a weak opening tomorrow being an expiry day and all depends on the FED outcome tonight . Bharti Airtel , Havell India , Titan , Lupi...

I was surprised to see Nifty in green in spite rate hike by RBI . Most of the stocks rose taking cues globally , as US stocks rose near record high and showed no signs of retreating . Nifty rose above 6200 where macro data not so encouraging and slow growth in the economy as an whole . Disappointment from NTPC, Ranbaxy , Shriram Transport , Bharti and IOB on earnings , this week we have not started well on the earnings front with most companies showing below expected results . We have now seen that the Nifty is trading in a range from 6000- 6300 , any break above or below this levels will be the next direction of the Nifty. Our Bank Nifty Sell call is near our strike price of 11300 and will decide on it during market closing . S&P had the best gains of the year and Asian markets were trading higher in morning session . US will also release inflation figures today evening and many analysts expecting FED will start to cut down on Bond purchases only after March 2014 .Ap...

RBI increases rates , No change in CRR but cuts down MSF. Nifty closed up despite hike in rates and low forecast on economic growth . I am going long on #USDCHF @ .8979

Nifty closed in red before RBI policy meet due tomorrow . Reports on RBI macroeconomic view released today have lowered growth 4.8 % than 5.7% last year . RBI is likely to increase rates to fight inflation as CPI released this month was high which is a concern. Coming to earnings Maruti, Ceat , Ajanta Pharma , Blue Star , Dabur , Jindal Stainless posted numbers as per estimates .  The government has also cleared 13 FDI proposals which include Axix Bank, Shantha Biotechnics and Stork Titanium. S&P declined on economic with weaker factory output and housing data . FED will start its meeting tomorrow when they will consider to start cutting down $85 billion of bond purchases . We may see a decline in Global Stocks if Fed gives us any hint on tapering . So lets watch and wait . Strategy No change in Nifty Sell Call for November Series No Change in Bank Nifty Sell Call October Series No change in #NzdUsd[partially open]  

S&P ended record high of 2013 with solid results from Microsoft and Amazon . Result Estimates so far have risen marginally and below the long term average according to Reuters .Manufacturing slowed down last month may be due to US shutdown .Consumer Confidence also declined and is expected to pickup on holiday season this quarter . Nifty ended flat this week , possibly die to profit taking . There is strong resistance around 6300 and is moving sideways . Good going on the earnings as of now where companies have reported slight positive results . Lets see on how it goes by next week . Coming up on earnings is PSU ,real estate , metals and infrastructure . The next risk event is RBI policy on Oct 29 , with inflation not under control there is a higher probability that it he will increases repo rates which will disappoint markets . This is one of the reasons that I have taken a Sell Call on Bank Nifty expiring October . Strategy No change in Nifty Sell Call for November Series. ...

Asian Stocks Mixed . Nikkei and Hang Seng  down . Nifty Choppy I am taking a Sell Call Position on bank Nifty at Strike Price 11300 @49.5 I am closing half of my #NzdUsd short @.82894 Will update Statistics later in the evening .

Nifty ended down today siganalling that it is facing resistance around 6350 levels . There were more declines than advances today IT stocks fell with Wipro and HCL were down by over 4% . HLL reported slowere sales last quarter . Coming up on earnings is ICICI , ITC , Colgate , Wockhardt and TVS Motor . Good numbers by SKS Microfinance , Arvind and M&M which reflected in thier prices today . Consumer Confidence dropped to 8 month low in US which shows consumers worry on the economy and they are not spending . Imports exceeded exports , personal finances declined , buying climate declined , views on the economy also declined to lowest than last month .  This is not an encouraging sign but US markets still trade at all time high . Ford Motors posted good results , Symantec dropped on it failed to meet estimates . Reports suggest 76% were upto expectations and 53% exceeded sales expectations . Strategy I am still holding Sell Nifty Call [Nov 6500 strike] I am happy to see m...

It was a big surprise today as stocks dropped after opening , on the weak payrolls data last night . I was expecting gap up opening is Asian Session but markets opened flat and were in red while closing . Disappointing numbers from ACC, Jet Airways but earnings were in line for Idea , L&T Finance , Hero MotoCorp,SKS Microfinance and First Source Solutions .Going ahead we can see poor results from Tier II Companies . Hence markets always decide wherever they want to go and we should try to follow them . US Home prices rose marginally last month . Home affordability is lowest in Sep with trends showing real estate not picking up in US. On the currencies front JPY rallied against most of the currencies on yesterdays weak NFP and Chinese credit crunch  position . As published in the morning I have taken a short #NzdUsd position as indicators show NZD has been overbought in recent sessions . I am grateful to all of you who are following my posts , I will be regularly post...

Asian Equities in Red , US Futures indicate to opening to be weak . I am going short on NZDUSD  @.83865 . Will update later in the evening on Market Summary .

Jobs Data was big miss as 3 month NFP average dropped to +143K , thanks to US Shutdown . US markets rallied in hope that Fed will continue its buying $85B/month . Unemployment rate was 7.2% far away from Fed guideline of 6.5% [QE3 is stopped completely]. Overall US economy not improving as expected as of now and Fed need to wait a bit more to stop tapering.Reports also suggest hiring may improve this month where retailors have started announcing plans for holiday season Expect a gap up opening tomorrow in Asian Session , where Nikkei , Sensex may be close to record high . On the earnings report Wipro , Cairn India , Rallis India, Zee , Persistent Systems  and Indiabulls reported better than expected margins .  Nifty may touch 6350 tomorrow with Q3 earnings coming up better and news on Global stocks have rallied today with funds still likely to flow in emerging economies . With RBI policy next week Mr. Rajan will look to increase rates as inflation and growth will still be ...