Nifty bearish : Asian markets weak : Will S&P top again

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 .

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