We Forecast .Markets Decide ..

Nifty closed near 7600 and strong today morning on strong global cues . I have taken a sell on Nifty call at higher levels [please see my flash update column]. Earnings report in India look quite comfortable with major companies showing some growth . I am positive over India growth and have taken some long positions on specified stocks .Traders will be looking IIP data with expectations of an upside , and inflation data to remain high due to high prices .Market does not seems to be happy over the budget and no policy decisions taken by the new government . Asian stocks were flat and overall equities were in green on expectations that political unrest is easing . S&P climbed towards 1950 mark ..will it rally again .. I don't think so unless it corrects at some healthy level to cross its high again . NZ dollar was weak due to bad housing report ..overall dollar was strong except for Yen as traders bet on strong US economy . No change in my long dollar positions . Strategy 

I have taken a sell call on Nifty at strike 7800 @33 expiring Aug

Asian stocks were up against lows last week , We have seen equity markets were lower across the world , what could be the reason , is easy money over and we see economies struggling for growth . Lot of geo political tensions over the world has fueled money in bonds and treasuries than equity markets . I was looking for a drop for Nifty around 7700 levels [even though my Call strategy for July ended in small profit] , 7500 is a strong support level and will look to buy Nifty around these levels .I will be looking to sell puts around 7400 and keep looking for Flash updates on my blog . Sorry for being away for a while as I was busy professionally . S&P has taken tumble towards 1900 ... there is a strong probability towards 1840 ..where it will be a strong buy again . In 2015 we have seen most of the economies gearing up and US will be the winner among those . Employment data , manufacturing and housing statistics are all pointing positive and US will slowly improve stronger and muc