We Forecast .Markets Decide ..

I am closing my Short $UsdCad @1.1116 for a decent profit . Will look to sell into rallies . I bought $EurUsd 1.3504 for a target of 50 pips

I am taking a short on $UsdCad @1.1212 for atleast 50 pips target I am also selling my short $NzdUsd @.8079 in profit ..looking to sell again at .8200

Nifty expected to open gap down again on weak global cues [Nifty was weak on pre -open during this post ] . Asian stocks already in red because of last night drop in US stocks . Support comes at 6000 as mentioned in my previous post and a break below it can go down till 5800 . I am bearish on the Nifty in the short term and will resume buying only after May -June 2014 . ICICI , Crompton,GAIL,TCI and Century Textile posted good results , while Titan and IOB posted dip in profits from last quarter. I am not taking any positions today but will look to trade on Friday as Fed Euphoria settles . Fed continues to cut down on stimulus as US economy improves . It found good support from all its members as they all agreed on the policy . I will look to sell on any rallies on S&P . China Manufacturing low than expected which added fuel to the fire with index in red .  Coming up on currencies dollar was slightly weak after the release . There is no clear pattern emerging on currencies and I

Nifty closed around the same levels after a gap down yesterday at 6126 . I have not taken any trades but will wait for a day or two after todays Fed policy . I am still bearish on the Nifty till 6000 levels . Markets were surprised on  RBI rate hike but did not see any quick reaction after the news . RBI intention is very clear on this announcement as he is taking all efforts to bring down inflation . Stocks that were in limelight were Ipca Labs , Jyothy, Vimta and Maruti with inline results .Asian stocks rose after few consecutive drops on profit booking . US consumer confidence was highest in Jan than last month , everyone is now eying on Fed decision on its monthly program to reduce stimulus . It depends on how and fast it take decisions based on economic data coming out of US .I will be looking to short S&P again on rallies at 1837 . My position on currencies not that strong but I am quite optimistic on he dollar in short term . Will keep you posted on any good trade setups w

Nifty had a gap down opening as mentioned in my last post . I also closed by Sell calls on Infosys and Infy and will now see to sell at rallies in the next 2-3 days . Nifty support at 6000 if broken will go to 5800 levels . All eyes on RBI policy as I don't expect any change in monetary policy today , Mr. Rajan has a breather this time of keeping rates same as inflation has cooled down and will inch slower in coming months . Stocks in news were HUL , Allahbad Bank and Coromondel where results were as per expectations . Stocks to watch today will be NTPC , Sesa ,Shalimar paints , Titagurh , Jindal Steel and Maruti as they will post today .Asian stocks were in red in the open on growth concerns of China and Fed Taper. S&P declined to a new low last night on news that emerging markets will be impacted in near term . Major announcement today as Fed concludes  2 day meeting on the decision to continue stimulus gradually .Earnings report are better than last quarter which shows gr

I have closed my Sell call Sun Pharma 640 Jan series @.65 in profit I have closed my Sell Call Infosys 3800 Jan Series @13 in profit

I am closing my short S&P @1784 . I will also close my sell calls for Sun Pharma and Infy on open