Nifty bounces near 8755 : Asian Markets , S&P weak

Nifty is hovering around 8750 levels and looks weak in the short term . It was a fantastic ride towards 9000 and may consolidate in the next few months ..In case it closes below 8750 ..this week it may go towards 8600 . Best strategy is to sell out of the money calls for Nifty for March series .
I am bullish on a long term view on Indian markets and we may see 10000 levels in 2015 - 2016 .
RBI has helped the markets in cutting down rates for 2015 and will continue to do so for this year . Low interest rates make it cheaper to invest on projects and boost demand .

Lot of activity happening around the world with US now likely to hike rates in the near term ,..Very skeptical about S&P and i see a decline to fair levels for this year ...It is around 2100 and may decline  towards 1950 in the short term .US economy is growing but gradually and other economies in its counterpart are not doing well which reflects in a stronger dollar ....I am bullish on the dollar for this year too ...my long dollar strategy worked in 2014 and it has still has more room in the current year. Eurozone as announced QE and NZD will be looking to cut rates soon .

Strategy 
Sold Nifty 9000 Call @30.5 - March Expiry
Sold #UsdJpy 121.2 ..SL of 121.8 and Target 120.5

Happy Trading

Will be posting regularly ...hence watch out 

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