We Forecast .Markets Decide ..

Being an expiry day ..was expecting volatility ..and Nifty finally closed in positive ..Looks like it may be range-bound in the May series before we rally around 8500 where it can face stiff resistance .Markets now open on Monday and i will be looking to sell Puts around 7800 - 7900 series and pocketing the premium  .. My Sell Nifty call closed in profit for April ..Overall i am still bullish on India and looking for a target around 9000 again for 2015 . Earnings not looking quite positive ...Investors can buy in small quantities on all Index stocks for good returns in 2015 . News update for today is that Finance bill was passed in the Lok Sabha and had given clarifications on MAT applicable to FII  S&P still managing around 2100 levels and is still looking bullish until it turns downward ..There were some positive data coming from the US and traders will be looking on key numbers from Japan ..#UsdJpy already rallying before the news ..as well as all other JPY crosses ...

Nifty remained subdued and closed lower below 8300 ..As i write this blog all eyes are on FED statements and interest rate decision . Tomorrow being an expiry day .. i will avoid any trade and will look to take a decision next week . I will be looking to sell puts around 7900 levels ...There is a probability that Nifty may bounce near 8400 for a more downward bias ... Earnings not so great for the financial year .. Long term Investors can buy small amounts of Nifty ETF and accumulate for every drop of 150 points on the Nifty for a decent return .Its a nice opportunity to do some value buying in Sun Pharma , Tata Steel and L&T ..... Nifty can also take cues from today's FED decision on interest rates and the possibility to increase rates in near future . S&P looks bullish and may hit a new high before it makes a turn lower ...US GDP figures not upto the mark and looks like it may take some more time to emerge higher .Everyone will guage the FED statement for forward guida...

There was quick drop in the Nifty and i was stopped out of my position for 50 points .. I will look to buy again if it reached 8150 levels ... Those who want to look at long term can buy Nifty ETF units at current prices I continue to hold my Buy #UsdJpy position ... More updates coming in the evening 

I am taking a buy on Nifty at 8345 ..May series with a strict SL of 8300 ...I am also buy #UsdJpy at 119 Happy Trading 

Nifty dropped below the crucial 8400 mark to close at 8300 ...It looks bearish and may reach 8100 levels . It will be a very good buy around that levels ..Those who are value buyers can consider to buy Nifty at current levels .. My sell call for Nifty is in the money and will wait till expiry ..I will create a new position for May series next week as i would now sell puts around 7800 levels ...Infosys earnings not so bright which also effected the markets ..coming up next week will be Maruti , ICICI Bank , Ultra Tech  and HDFC ... S&P was trying to attempt a high again and there is a possibility that it will touch a new high before it starts the downward journey ...Fed will meet next week and may show some hint on raising interest rates as thier economy now showing some signs of revival . Gold dropped and will look to buy this week , oil also reached it high for 2015 ...i don't have any positions in currencies but will look to short Euro again in case it reached 1.1 again ...

I am closing my half position of my buy #EurUsd position at 1.0766 ....in profit ..holding remaining half as lot of US data coming up in few hours .. Nifty remains directionless ..going for a sell Nifty call at strike 8850 at premium 32 . Happy Trading Track my account ... http://www.myfxbook.com/members/abhijeetrisbood/fxfresh/1200128

Nifty dropped near to 8700 levels which is a good support level ...need to watch as to where nifty moves next week ...looking confused hence i am on the sidelines . Inflation dropped lower which indicates that RBI may cut rates again ..we need to be cautious as much depends on the monsoon .Over all still bullish India but looks like it will not be an easy path . Earnings not as bright this season and have a little impact on the Nifty ECN kept rates unchanged and are in full steam on QE ..They have another challenge which is Greece as they may approve for more funding .. S&P could rise to new levels as mentioned earlier .Dollar has taken a beating and it may extend until end of this month . I am still holding my buy euro position with strict SL . I look for the next bull run in commodities which may extend in 2017 .. Its a good value buy in Gold and Oil at the moment ...it may not look promising this year but will reward you well over a period of time . I recommend to start buyin...

I have just bought few #EurUsd @1.00662 after bad retail sales data from the US ....SL of 1.0600 and target of 1.0750

Nifty has a good comeback from the last 10 sessions to close near 8830 ... I was short on the Nifty but quickly closed my position in profit . I am quite hesitant to take a long at this time ..but those who are already long please put a stop at 8700 levels ..India story looks promising and i will be bullish India until 2016 ...Look to buy on small setbacks on Nifty ..World Bank has predicted growth of 8% until 2017 and India will look to capitalize on investment led growth on all sectors .I don't have any positions on Nifty but will seek to sell puts strategy tomorrow. Dollar remains to be strong in 2015 ...look to buy USD across currency specially Yen and Euro .. I remain buy on #UsdJpy around 119 ....for a target of 121 .....S&P also looks bullish and may see to break 2100 levels . Look for any reports on drop in Shale Oil production in the US .. this will have an positive impact on Crude Oil . Reports suggest that they may see a drop in production after May 2015 .Commodit...