We Forecast .Markets Decide ..

S&P currently trading 2532 as i write this post , Its being bullish for long with no signs of tiring off , global stocks overall are on a ride for the past 2-3 months and still going strong . Nifty touched 10000 mark before sliding down , I am still bullish India but needs a pullback to go long . I will be scanning specific stocks as well so that i stay invested in the short term . Macroeconomic indicators are not favorable in the current scenario , we need to watch for RBI delivers tomorrow. With demonetization and GST the economy is still not stabilized at the moment and may take some time  to be on track  Watching Sun Pharma at the moment to enter into a buy position Not doing anything on the Index as of now : into sidelines Gold is a good buy at the moment and i am going long at 1271 , if you have noticed commodities overall are firming up and they will give you good returns over the period of time Nothing on the currency markets , i am scanning through and I may take...

Bitcoin , Etherum ....so on..are the buzzwords in today's economy  ..We here many rag to riches  stories on how they have become millionaires in short time ..Now do we join the bandwagon ..is it the correct value of these coins and what lies ahead . Some short info on what do they mean and how it started Its a digital asset to work as a medium of exchange to secure transactions and create additional unit of currency . Bitcoin was the first currency in 2009 ..after that many were created which are also called altcoins . Their legal status still remains a question as it varies from country to country and in some countries its used as a barter system also . Retail investors have jumped in to the bubble ..hoping that they will be rich soon ..but a word of caution ..even i am not sure on how will it be going forward .. Some points to think be fore you invest . 1. Its not regulated ..i meant there is no regulatory system ..like we have central bank in each country which decide on t...

Its being long that i have written anything on the markets ,Not able to get time to write on the markets  So whats buzzing  ... S&P getting a breather now after hitting all time highs last few months , seems to be correcting at the moment at 2350 levels .. looks bearish at the moment and i will confirm my short entry may be next week Emerging equities doing good at the moment ..may be they are on a roll ...will scan some markets and update you shortly .Nifty has just hit the 10000 mark .is this a new base for Nifty ..need to check Currencies : Pound and Euro have got up from their lows , is the dollar bull over or still some steam left , Yen looking to weaken .. Gold : Right time to enter ..let me check should we buy being a Friday today  So Folks , will be consistent on my posts now ,,Be in touch ..and will post soon Happy Trading

Its being long that i have written anything on the markets , Sorry guys was busy on lot of things and now i have been settled , will be writing a lot more on the global  financial updates . So whats the news ... S&P getting a breather now after hitting all time highs last few months , seems to be correcting at the moment at 2350 levels .. looks bearish at the moment and i will confirm my short entry may be next week Emerging equities doing good at the moment ..may be they are on a roll ...will scan some markets and update you shortly . Currencies : Pound and Euro have got up from their lows , is the dollar bull over or still some steam left , Gold : Looking a good buy at the moment , but will enter after a pullback So Folks , will be consistent on my posts now ,,Be in touch ..and will post soon Happy Trading

Apple failed to impress mobile users , with not so many changes in its new product Apple 7 ,  stocks dropped with the bearish sentiments globally .Users will await its launch next year as they may plan a surprise of their 10th anniversary . Equities dropped over the week , is it bear run or markets are just correcting naturally, very tough to say at the moment but i expect to be bearish until end of this year as Fed hike still uncertain in the coming months and there may be some uncertainty in the short term. Indian equities bullish in the long term but can retrace along with world indices , its definitely a good buy or top up at 8600 levels . can we expect a rate cut possibly not with FED uncertainty looming ahead . RBI may not take a chance in 2016 . Dollar was strong on bearish equities and i could see some buying in the buck against other currencies , at this moment i would like to short the Yen but looking for the right opportunity . I am adding another buy position at 1322 ,...

Big Day for Apple , all waiting their product event today . Are you long APPLE stock ...we could see lot of volatility here . As a trader we dont trade the news but rely on charts over a longer time frame . Keep your trades small over months and weeks and see your profit grow ...rather than trades which are bigger over a shorter time frame . Markets quiet overall , nothing actually moving . i could see some bearishness against the dollar but still optimistic in 2016 -2017 . traders speculating a weak dollar going forward in case FED does not hike rates in December and see sluggishness in manufacturing , employment and home sales Commodities slightly picking up and could see a major moves in 2016 . I am already long Gold and will continue to add positions in case i see a pullback in weekly and daily time frames. Overall global economy slowly picking up in 2017 with US will be the first one to be chugging ahead among all countries . Product innovation is the key with importance agri bas...

I am going long on Gold admit thin volumes due to holiday [Labor Day] in US . I feel this asset class will give us decent returns ahead . It may be bearish on the daily chart and may add to position in case it comes 1300 range Coming up ahead is Aussie Interest rate decision and US manufacturing news Keep watching my column Happy Trading 

Hi folks Back after a long time ,  hope your trading and long term investments are going on well Yes . whats happening in the markets ...poor performance by the payrolls hit the dollar last week , i still see overall bearishness on the screen . AUD and NZD looking bright on the weekly charts over the long term and may gain over the weeks , is this the sign of gains on commodity markets ..Gold very bullish over the long term and I will buy on tuesday once markets is stabilized in volumes due to Labor Day holiday on Monday . Stocks still holding on to their gains  , but there may be a possibility of weakening over the weeks . As a Trader always looking to rely on longer timeframe charts as any asset class performs over a period of time , there is no point to play short term or intra day as emotional IQ performs over your intellect My next post will be on how beginners can start trading FX and indices Happy Trading 

Gap up opening in all the pound pairs this morning , fears of BrExit looms , no idea what will it be . I caution all retail investors to stay away until the decision is out . If you still want to take a bet then please keep your exposure small and prevent your account to be washed out . The volatility may intensify towards the D-Day hence CAUTION. I am not taking any trades as of now ..just watching for some moves to come . will  keep you updated shortly . World indices take a breather ,,may chop a while before they take direction . I still think that the Indian market may perform better in the long run ...waiting for triggers from agriculture data [as monsoons have arrived] ,  also analysts now expect some more lowering of interest rates from the new RBI governor after September . Traders can go long on the Nifty after this chaotic week and add to positions when it goes in their favor. Gold touched a new High and i remain bullish for 2016 . I will wait for the price to conso...

Hi Folks Sorry for being away for some while ....ahh..actually after a long time .. I will now be posting regularly now for this year 2016 . Will post some really good trades both on Short Term and Long term . So whats looking exciting at the moment Equities : S&P and world indices look a bit shaky ..i meant not sure if its the right time to enter . Lots of anxiety on the BRexit and markets will be volatile over the coming weeks . FX : Lot of movement in the GBP pairs last week and the Yen rallying to all time high .Looking for some nice entry by next week and would like to stay away in curency Commodities : Gold rallying to all time high and will looking to buy after a pull back ..Bearish on Oil for some time , until then away from other commodities So I am back in ACTION and await for my next post on Monday Happy Trading

What a year to start with ..China PMI prints lower than expected , the end result :- stocks plummeted all over the globe . As China slows down ..will be there a ripple effect on the world economy .. Emerging markets face a severe threat with the big money going towards more developed countries .. we have already seen EM currencies under pressure in 2015 ..an i think it will continue for this year , with most countries to lower down interest rates to spur economic growth , we can see the carnage in EM currencies in 2016 . S&P , DAX all were in red as most of the indices over the world ... Yen as the strongest currency today as rallying among all basket of currencies . ISM prints lower , is interest rate hike decision by the Fed was a correct move . I have included my Live account details ..even though its a low account size ..what matters most is am i trading with the acceptable draw-down levels and profit It will be visible on your right side of the screen .. My next post wi...

Its being long ...I was unable to post on the blog ..with the New year ringing in i will be posting regular updates and i hope you will find by posts helpful Snapshot - 2015  We saw this year very good for the US dollar ...almost appreciating against all major currencies and i hope it will continue into the next year .European nations in a recession mode as economies not doing well at the moment and they may take time to come up or recover in 2016 . Commodities hit the hardest with Oil , Metals and Gold hitting all time lows ..any chance of reviving ..i dont think so in the next year .. An Average or flat returns on all the major index ...with most of them nonperforming this year ...the new year looks promising but as the global economy in the doldrums ..corp-orates need to work hard for better earnings .. I will post my favorite picks for the Year 2016 ..just researching a bit  Enjoy the new Year 2016 ...

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