We Forecast .Markets Decide ..

I am closing my Sell Nifty Call 6550 @4 I am closing Bank Nifty Call 12000 @25 Selling Sun Pharma 1 lot Call Strilke 640 @4 

Nifty closed in a narrow range just below 6200 . I have executed a short position on Nifty yesterday for Jan series with a stop loss of 6300 and potential target of 6100 . Coming up next on Friday is IIP numbers for Nov . Analysts expect a increase in industrial activity with exports showing some healthy sign but still slow in manufacturing activity . Q3 earnings starts from Friday Jan 10 with Infosys delivering its results . I will post my strategy on Infosys in case I find suitable on todays close. No change in positions for my Sell Nifty and Bank Nifty Calls . S&P was flat and traders are now waiting for the employment report due tomorrow . Fed minutes failed to show any direction and concluded that stimulus program is now showing less effects on the economy .Analysts expect a small increase in payrolls than last month and hoping unemployment falls towards 7.1 % . I am still holding half positions short S&P for a target of 1780 . Eurozone showed some signs of impro...

I have taken a short trade on Nifty @6211 for a stop loss of 6300 on daily close

Nifty fell to 6160 and is now bearish . I see a downside at 6000 levels . As mentioned earlier Nifty is now moving within a range of 6000 - 6300 . I will look to open a short nifty position today morning for a stop loss of 6300 . My sell calls on Nifty and Bank Nifty remain unchanged . Bank nifty also looking bearish with a close below 11000 will take it to 10600 on the downside .Reports showed that business slowed in emerging markets according to HSBC market index .India services market reading was below 50 for the consecutive 6 months , indicating business confidence is low at current scenario . S&P rose for the first time in 2014 . It was bearish since start of the new year . I am still bearish on S&P for a possible target of 1780 . Coming up next 2 key events Fed minutes and NFP release on Friday ,Analysts expect a small change in numbers than last year . US trade deficit also shrank , which also supported the rally yesterday . Oil imports were down , which means US is...

Nifty closed in red at todays close . Its a bearish close today and is within the range of 6000-6300 . I hade taken a long position in Nifty last week as it closed above 6300 , but it was a false breakout and soon nifty came down to 6200 . I expect to fall towards 6000 in coming weeks . Q3 earnings kick starts this Week with Infosys results on Jan 10 . Also coming up industrial activity barometer for India which will project overall manufacturing scenario in India . With elections coming in next 2-3 months the government is now planning to disinvest in PSU ,which is a common strategy used by ruling party over the past 20 years .Oil ministry has confirmed that IOC disinvestment will be carried out on Jan 9th. I continue to hold sell calls on Nifty and Bank Nifty for Jan series . US stocks turned lower on reports that services grew slower than forecast . Traders will closely follow unemployment figures this Friday . Analysts expect to have a lower print than next month . S&P has ...

It was a good year[2013] for the Nifty giving close to 25% , mainly due to FII inflows . Will it continue in 2014 ???. This year India will be focusing on 2 main events first political outcome by June and then economic measures taken post ballot outcome in the later part of the year . Overall I will be bullish on India but only after June 2014 and then in 2015 . First half of the year market will tend to be bearish or moving sideways . My targets for the lower end is 5500  and 7000 on the upper side for Nifty . Politics - A major hindrance to Economic Growth We see general elections in May 2014 bringing in new regime and new policies . Investors mostly are cautious and do not want to be a part of the growth story as economic policies not clear or may change in case the unexpected happens . In case of a hung parliament we may see a lot of instability as there will be no clear guidelines on economic policy . For Growth to Improve - Inflation to be tackled , and industrial and...

I am closing my Long Nifty Future @6230 at a loss ...