We Forecast .Markets Decide ..

Nifty up by a percent and trading @ 6172 in afternoon trade . I am looking a break above 6200 to be bullish in medium term Since our Bank Nifty Call is under pressure I am closing my Bank Nifty Call for December Series in LOSS and taking a Sell on 2 calls for strike 12100 for Jan series . Coming towards currencies I am looking to buy $AudNzd and sell $GbpAud ..which I will update shortly in case it reaches my level . Will update on overall outlook by today evening .

I am closing my Short $EurUsd @1.3587 position for a loss .

US stocks undecided after reaching a new high . Reports suggested that home prices have risen in US by mist since Feb 2006 till date . Consumer confidence decreased this month but analysts are betting that it will improve on better sales this holiday season . Trading will be light this week on less volumes due to Thanksgiving this Thursday .I am looking for a break below 1790 to open a short position on S&P . Nifty gave up gains from yesterday and lost 50 points to close at 6059 . Traders are bit nervous on GDP data and election results trickling in by next week . I have taken a sell put and sell call on Nifty between 5700 and 5300 as I think it will not be able to brake the range in either direction by end of this year . Power Grid FPO will be open for subscription from Dec 3 .I am still holding to my short $EurUsd position and quite nervous as will close it in case it moves in opposite direction. Strategy No change in Bank Nifty Sell Calls for December Series. No change i