We Forecast .Markets Decide ..

Sensex / Nifty Flat before US Employment numbers , Asian markets mixed , Europe and US markets futures indicate flat opening . Everyone is now eying on the NFP release . In case it comes up stronger then we will see a sharp rise in USD and equities will turn bearish. I am closing my Short EurGBP position @ .84748 . I do not hold any Forex positions and will wait till the release  

Nifty Flat suggesting a pause which indicates a correction may start tomorrow . Better earnings report from L&T , Asian Paints , HDFC , Zee ,Federal Bank drove prices higher today . IT stocks have posted better margins sue to weak rupee . Banking Stocks also in an uptrend with good earnings from Top Banking stocks . Overall as of now better earnings this season lets see what happens in the next few days . Coming into US / Europe , stocks fluctuate on US NFP release  . Analysts expect employers added more workers in September amid shutdown in US last week. Lot of news coming tomorrow with AUD Inflation Data , BOE minutes followed by US Jobless data . Not so good earnings reported by McDonalds, Halliburton and AT&T .  Apple climbed on reports upgrading IPad with better features . Overall mixed earnings report as of now which indicates there is still long way for US to recover . As of now US and EM equities traded higher this week and as explained before I feel there is a ma

This week we will be looking to US employment data sue to be released this Tuesday . Also coming up is RBI policy end of the month . On the earning front we have some big shots releasing their estimates which include ACC,ICICI Bank , HLL,Hero, Wipro and ITC . Strategy I am closing Short Strangle on Tata Motors . Closed 410 Call @2.3. Closed 370 Put @2.9. Taking another position on Sell Nifty November 6500 Call @53 No Change in Short #EurGbp Statistics Stock / FX Position Lots Margin Buy Sell Profit / Loss Remarks Nifty Sell 1 25000 INR 6100 5900 10000 INR Closed Infosys Sell Put 1 44625 INR 1.9 32.75 3650 INR Closed Infosys Sell Call 1 60375 INR 21.05 51.15 3639 INR Closed Tata Motors Sel

This is continuation of my previous post last week , I explained to you the basics of the plan and in this session I will tell you how do we allocate and what are the rules we need to follow to achieve this . Once you have decided the plan and the period its time to act on it . What options do you have   I have categorized them as below Low Risk : Life Insurance ,Bank Accounts , Fixed Deposit , Government Bonds , Postal Deposit , PPF , EPF , Gold . High Risk : Equity Mutual Funds , Stocks , Forex . Medium Risk : Property , Balanced Mutual Funds . Although buying Property is safest bet today I have put it under medium Risk as it is associated with mortgage Loans as liability to a person . Unless paid in full it is always taxing to an individual in the form of EMI .You should also be aware of a monster i.e. inflation . Inflation eats away our buying potential year on year . It means INR 100 is not INR 100 every year it goes down in value .E.g.  Compare college fees when you wer

Dollar weakens after debt deal while S&P advanced to record highs . Reports also suggested FOMC will delay taper and not start until 2014 . China posted better GDP than compared to last year signaling economic growth is stabilizing while Pound was stronger as BOE member hints they will be rate hikes this year . GE reported better earnings than last year . As of now [as compiled by Bloomberg] 72 percent companies reported good results which my reason for economy to be improving .Metals and Bullion gained on weaker dollar. Nifty closed 6189 very near to all high and market participants are very strong that it will surpass this level next week . I am yet not convinced with markets in euphoria where macro indicators do not align to such level . This is not going to last long and markets will correct in the near future when traders actually realize the situation . We may see a fall for the last time and after which I will be strong on Indian economy . As per current levels it may to

US Manufacturing Activity expands while consumer outlook dampened mood post debt deal . We will now have series of reports coming next week which will be announced soon , the major one Employment numbers which were not released this month . Other reports also showed more applications filed for unemployment benefits last week due to shutdown. Earning Season in US doesn't look good with the latest news that IBM and Goldman Sachs Group showed declining revenues .This has got the dollar under pressure and is losing among major basket of currencies . Nifty closed lower by 42 points . Results announced today were Axis Bank , South Indian Bank , MindTree, INOX Leisure , HCL Tech which showed a marginal increase in profits . Except for IT sector none of them so far have given better results this quarter . Strategy. As published in my flash update I closed all my FX positions as I could see a pressure on the dollar in near term . I am with the dollar recently since I see US economy