We Forecast .Markets Decide ..

I am selling HDFC Bank Put 640 @4.8 I am selling HDFC Bank Call 700 @3.1

Nifty rallied near 6300 mark and very positive to go further again . Global cues also positive and hence the party will continue today , also the start of the month there is lot of volatility and new expiry series for derivative segment . My Sell Sun Pharma position closed in profit but my HDFC bank position ended in a loss . I didn't close my position till expiry since I thought I will take another shot again this month . Will keep you posted on my next strategy . Housing data was mixed in US as new home sales increased but mortgage applications decreased to lowest levels than last year . S&P was flat and it didn't close near all time high levels since Monday , I will be bearish only if it closes below 1830 on a daily close , but I don't want to buy either . Fed chair Yellen will be speaking today on monetary policy and if to maintain the pace of stimulus cuts which has started from last 2 months . We saw a good move on the dollar of housing data and I have closed ...

Nifty made a march towards 6200 closing at that level , I think it is still nervous and will hesitate to go beyond that level in the short term . I am still sticking to my strategy that it will be range bound within 6400 and 5800 till election results play out . I am completely negative in my Sell HDFC Bank Sell call strategy and will decide only on expiry day  , my other sell call in Sun Pharma is in the money and looks like will expire positively . I expect the Nifty to close below 6200 on expiry . I will look to sell Puts on Nifty in the next month around 6000 levels . US data mixed with housing data short of expectations and consumer confidence not encouraging . S&P touched all time high and has since come back around 1840 levels . I am looking to short at these levels and will update only when I see a good opportunity . Coming to currencies most of the currencies not showing clear direction , I have closed my sell $UsdCad posit...

I am closing my $UsdCad short @ 1.1090 . All other fx positions unchanged

Nifty still inside the range , it managed to close above 6100 but could stay there for 2-3 days . Hence I am still undecided on the direction of the Nifty . I am bearish currently and expect a fall towards 6000 levels . I was about to take a call on closing my Sell call strategy of HDFC Bank but will again wait for a day or till expiry which will happen this week . For the last few weeks we have seen the nifty trading in 6000 - 6300 range and will continue to do so till April 2014 . Stocks to watch today will be utility companies like Tata Power on CERC order to hike power tariff . G20 nations agreed to boost global growth over 5 years , they will come up with strategies and policies which will help top 20 nations to achieve targeted growth . US and Euro stocks ended mixed this week but more on the downside . There was a clear resistance on S&P and it may retreat back to 1750 levels . Not so impressive data coming out from Euro nations and US last week as currencies too were ran...

I am going short on $ UsdCad for a target of 100 pips .

I am closing my $NzdUsd position @.8276 Opening short $EurUsd @1.3701