We Forecast .Markets Decide ..

I am selling pound here @1.6673 ...for a 100 pip target ...reverse my position at 20 pips ...

I am taking a Sell Call on Nifty of 6900 strike @47 for April series

Nice to see you all , I am back from a small break and will come up strong . Nifty hits 6700 last week , will the euphoria continue ... I don't see any change in macro indicators to be bullish currently ,I am still not a buyer but will wait until election results are out ..On a long term perspective of 2-3 years you can buy at current levels . Good FII inflows last week and a technical break above 6500 allowed Nifty to move to 6700 levels . My HDFC Sell call strategy is closed in profit and will be looking today to make my new move . I like selling Nifty at 6900 levels for the current month ..will keep you posted on this .Coming up this week is RBI monetary policy and Auto sales numbers for March. Asian stock up on todays open in spite of not so expected industrial data in Japan . US stocks remain in a range of 1850 - 1880 , I am short SPX and still holding it for a move below 1850 levels . I  am still holding all my dollar long positions till they are reasonably in the money . I...

Nifty rallied to all time high and closed near 6500 and it seems a little resistance around 6600 levels . Support at 6350 and if breached will fall to 6000 levels again . No change in my HDFC Bank sell call strategy . Looking to sell Nifty call at higher strike for March series . Asian markets weak on todays open . All eyes on Fed policy meeting as it will decide to continue to reduce stimulus as planned or may add a little variation to it . US housing data and inflation data very positive and hence adds to the probability that Janet will continue tapering with normal pace .Global stocks rallied on Putin's remark that it will not divide Ukraine. Sanctions still continue on Russia but yet to check if there will be an impact worldwide . Euro meeting some resistance around 1.3900 and looking to sell today . I remain upbeat on the dollar in near term . There is no change in my FX or short SPX positions and will wait till evening for a decision . Strategy No change in Sell Calls HD...

Nifty was around 6500 last week after a life time high . I expect the markets to correct this week to around 6350 levels and then decide on direction . Elections coming up next month and the new government to be formed before June 2014 , I think nifty will be in the range of 6000 - 6600 before taking the next leap . Asian markets down on open on geopolitical tensions in Ukraine , we need to see how global markets behave today on the news . Important events this week is inflation data for US and Canada, Euro consumer confidence report and FOMC meeting on 18th and 19th . I have taken a sell on SPX [S&P] today morning at 1840 for a target of 1800 and SL of 1850 . There is no change in my long dollar positions and wait as I see a strong dollar post the meet . Strategy No change in Sell Calls HDFC Bank No change in long $UsdChf . No change in short $NzdUsd . No change in short $EurUsd, Sold S&P at 1840 Happy Trading .

Nifty closed marginally up above 6500 , there was profit booking around 6500 levels which resulted in drop of nifty last week . Inflation dropped for consecutive second month while manufacturing was in positive after a long gap shows overall macro economic factors improving in 2014 . This has to continue for another quarter to have a bullish stance on India . General elections also coming up next month I will rather wait till June 2014 to be on the buy side .  I closed by sell put on Nifty last week in profit . There is no change in my sell Calls of HDFC Bank to cover my loss occurred last month . US retail sales figures improved and jobless claims were down than last month . S&P dropped to 1840 and will sell on Monday opening for a target of 1800 . China output was at 5 year low which led a sharp drop in commodities . Lot of pessimistic data coming up from China has sent fears across the globe hinting a slowdown in their economy . Dollar has gained a bit as is now at...

I am closing my sell $UsdJpy in profit @101.67

Nifty reached all time high last week and is still above 6500 mark . Will it surge again or is it starting of a bull market ??? According to my view Nifty still not bullish over the long term as it may consolidate till 6000 levels and then start its journey upwards , this will all play out from now to June 14 . Inflation getting lower , manufacturing still not up to the mark , other macro factors I am still not convinced and will take another 6 months to see things better . S&P was trading lower after it reached all time high in todays trading , Commodities fell from news that demand from China will slow in this quarter . Yen strengthened while dollar is under pressure even after good employment report and less people filed from claims . After a long time I am posting my results and nice to see it growing month on month . Statistics Stock / FX Position Lots Margin Buy Sell Profit / Loss  Remarks ...

I am closing my HDFC Strangle and selling 2 lots of HDFC Bank 760 Calls #6.3

I am going for a sell $UsdJpy @103.55 with a stop loss on daily close above 103.55 and will buy at that levels .

I am closing my #EurJpy Buy position in profit 

I am taking an Sell put on Nifty 6200 for March series @23 since i think it will hit life time high I am taking a by #EurJpy with a stop loss of 140.8 and will reverse position if closes below that on 1 hour chart .

Nifty rallied near 6300 and will reach 6400 soon after which it will face some resistance. I will be looking to sell Calls again of higher strike prices near that levels . Asian stocks have opened strong as geopolitical tensions in Ukraine as eased out and Nifty will follow soon . Question is will Nifty rally to life time highs ...Answer is yes if we get a closing near 6400 for the next 2-3 days .  Important event will be that EC will announce election dates today to be held in phases . Commodities took a hit after it rallied yesterday . S&P reached another high near 1877 and will look to sell again below 1850 . US economy is seeing signs of progress for the last quarter and will pick up after mid 2014 . I can see Eurozone also started to pick up but will take some time till end of 2014 . Another report said that Automakers around the world are quite optimistic and will now showcase their new creations in months to come . Global recovery is ha...

Nifty fell towards 6200 and is likely to open flat today . Most of the indices were in red due to rising conflict of Russia -Ukraine tensions . Gold and Crude Oil shot up on safety demand , and its very difficult to find market direction unless these tensions cool of . Nifty is still within the range and the best strategy would be a strangle for March series . Stocks to watch this week will be auto sector on data for vehicle sales .  No change in my HDFC Bank strategy . S&P hit 1840 on open and looking to go below 1835 for bearish outlook . I will rather wait for the price to come down before taking any position . US consumer spending rose more than expected and is healthy sign for growth . UK recovery was on path a exports contributed to growth since 2007 . I am not getting any clear signs on currencies to take a position and hence will wait to take any trade . Asia stocks mixed on open and traders will be following China on any clues by the government to improve gro...

Nifty was flat on Friday but closed in positive for the week . I am still not convinced on its bullish sentiment and will remain to trade within the range . I will buy only after elections play out . Coming up this week is data on manufacturing activity [HSBC PMI] . Markets will be under pressure due to Ukraine conflict as money will tend to flow to safe currencies like Dollar , Yen and the Euro . I don't see any change in inflation but rather will come down as year goes by and the same with no hike in rates till April 2014 . S&P reached a new high and has currently gapped down on Asian open . Global markets will follow as day progresses and worst hit may be emerging markets . Yen has already opened strong against all currencies with crude and gold to trade in positive on  geopolitical tensions .  Important events this week will be NFP release on Friday , ECB rate decision and PMI / GDP data on China  . There is no change in my FX and Options positions . ...