We Forecast .Markets Decide ..

Nifty hits record High . Nifty opens @6405 as expected , Gap up of almost 150+points . I am closing my long Future @6400 . I am also going short $GbpUsd @ 1.6337

BJP victorious in Assembly elections 2013 . Clear mandate from the citizens of India that they need a change . I should not talk on all this as this blog is only on market updates , strategies and investment planning . I forecast a huge gap up opening tomorrow may be 75+ point gap up on the Nifty . As mentioned in my last post I will close my long position tomorrow by noon as this rally may not sustain for long . The euphoria will be short lived for this week but in the short term we may see a Nifty at new high after 2008 . We will watch out for macro trade and inflation data this week for impacts on the market . I have my Sell Nifty Call position open and will think of closing the position be end of day depending on price action end of day tomorrow . Same follows with my Sell Bank Nifty call , I still have time as this if for January expiry . Coming to currencies  I am still long $UsdChf from last week . I will go for short trade on $GbpUsd early morning [check my bl...

Everyone awaiting polls outcome tomorrow which may give clues  as to what will happen in parliamentary elections in May 14  . Whatever the outcome we will book profits on Monday 9th December , we expect  gap up on Monday morning and we will execute out trade by afternoon . Lot of activity coming this week starting from State Assembly election results , FOMC meet on Dec 17-18 , Macro Data on Trade and Inflation Data on Thursday . US added more jobs in November with the biggest surprise unemployment fell from 7.3 to 7.00 .IN spite of good numbers dollar was trading low on Friday as analysts still not convinced that will Fed start reducing stimulus from December or in 2014 . US stocks bounced , S&P reached its 1800 mark again . I am still short S&P [half position] with a strict stop loss of 1812 [previous high] . There is certainly a chance from Fed to start signaling end of stimulus gradually and end to it in 2014 . Economy as I see from Macro point view is ...

Nifty near 6300 as traders wait on the outcome of state assembly polls on Monday Dec 9 . Our buy call is in profit and we will wait till 6400 to book profits . Bank Nifty also trading 11700 and i see a target of 12000 this month . As mentioned earlier I am not looking on the polls outcome but purely on technical and take calls based on how market moves . Most of the traders have taken a trade range strategy where you benefit even when the index moves in either direction . Others news coming up Powergrid FPO has got a good subscription from retail investors , Mark Faber feels that he will be investing in Emerging economies on selective stocks . S&P is under pressure this week on probability that Fed will taper from 2014 , also being a year end there is a tendency of most of the traders to close positions and go for a break . We will see less volumes going forward mostly after week 3 of December . I expect good volumes today till next week on Payrolls data figures and Fed meetin...

Nifty closed below 6200 as investors were unsure or cautious on taking any bets on the index . Volatility increased towards day close as starting tomorrow there will be lots of news on election outcome this week . Analysts are predicting a 300 point swing either ways . I have taken a buy on Nifty @6214 with a strict stop loss of 6050 on daily close . I will close my position around 6400 in case it swings upwards . I have also closed my Sell Put Nifty 5700 Strike December Series @21.75 in profit . I don't want to focus on the poll results and will only be focusing on the reaction of the results this week . S&P recovered its fall and is back again @1800 mark on news that services sector grew less than expectations . Sales data on new home buyers increased which shows that housing sector has started to revive last 2 quarters . Analysts are also expecting to have better NFP data this Friday and ADP data confirmed that jobs has been added this November . My $UsdChf buy position w...

I am taking a risk on going long on Nifty Future @6214 - December series with strict stop loss 6050 on a daily close . I am also closing my Sell Put Nifty 5700 Strike December Series @21.75

Hi Folks I am closing my half short S&P position at profit @1793 and allowing the other half to ride or hit stop loss .