We Forecast .Markets Decide ..

Markets were green all over the world with Nifty and Asian stocks ending higher . It was a new high for the Nifty and it may race towards 8500 . I will continue to hold my sell Put position until expiry . Analysts remain upbeat on India for 2015 and expect Nifty to reach the magical figure of 10k . Oil prices remain low for the quarter , hence cooling up inflation and an opportunity to Mr RBI to reduce interest rates for the first time . Traders will now watch for September IIP numbers and CPI data . Looking to consolidate around 8500 levels . S&P was trading near 2038 [when i write this post] and will remain in positive till the day . I am also bullish on US equities and the dollar for 2015 with the index may reach 2100 levels in the new year . Good earnings season from the US with good employment figures for the last 6 months makes a positive scenario for investment in the US . No specific news in the next few days as the calendar is light for this week . I continue to hold sho

Nifty was flat this week around 8337 , I still think it can go upto 8500 levels before taking a break .We have seen a strong up move for the last 6 months ..I see a strong growth story and will remain bullish in India in 2015 . Manufacturing and Services do not show satisfactory move even now though the markets have gone to that level .I remain upbeat on banking and Pharma stocks , nice earnings this season but i still think Q3 numbers will be better than previous quarter. I have taken a Sell Nifty Put position @25 for 8000 Series .  US stocks remain higher and I will be bullish in 2015 not because of free money used but because of strong growth in US . Last 2 quarters have shown impressive growth in US and Fed has finally ended their QE 3 program . They will be looking to raise interest rates in Q1 2015 . Dollar has gained substantially over the last 3 months and all my long dollar positions were in profit . I have closed half of my positions and will look to add only when i see a