We Forecast .Markets Decide ..

I am selling pound here @1.6673 ...for a 100 pip target ...reverse my position at 20 pips ...

I am taking a Sell Call on Nifty of 6900 strike @47 for April series

Nice to see you all , I am back from a small break and will come up strong . Nifty hits 6700 last week , will the euphoria continue ... I don't see any change in macro indicators to be bullish currently ,I am still not a buyer but will wait until election results are out ..On a long term perspective of 2-3 years you can buy at current levels . Good FII inflows last week and a technical break above 6500 allowed Nifty to move to 6700 levels . My HDFC Sell call strategy is closed in profit and will be looking today to make my new move . I like selling Nifty at 6900 levels for the current month ..will keep you posted on this .Coming up this week is RBI monetary policy and Auto sales numbers for March. Asian stock up on todays open in spite of not so expected industrial data in Japan . US stocks remain in a range of 1850 - 1880 , I am short SPX and still holding it for a move below 1850 levels . I  am still holding all my dollar long positions till they are reasonably in the money . I

Nifty rallied to all time high and closed near 6500 and it seems a little resistance around 6600 levels . Support at 6350 and if breached will fall to 6000 levels again . No change in my HDFC Bank sell call strategy . Looking to sell Nifty call at higher strike for March series . Asian markets weak on todays open . All eyes on Fed policy meeting as it will decide to continue to reduce stimulus as planned or may add a little variation to it . US housing data and inflation data very positive and hence adds to the probability that Janet will continue tapering with normal pace .Global stocks rallied on Putin's remark that it will not divide Ukraine. Sanctions still continue on Russia but yet to check if there will be an impact worldwide . Euro meeting some resistance around 1.3900 and looking to sell today . I remain upbeat on the dollar in near term . There is no change in my FX or short SPX positions and will wait till evening for a decision . Strategy No change in Sell Calls HD

Nifty was around 6500 last week after a life time high . I expect the markets to correct this week to around 6350 levels and then decide on direction . Elections coming up next month and the new government to be formed before June 2014 , I think nifty will be in the range of 6000 - 6600 before taking the next leap . Asian markets down on open on geopolitical tensions in Ukraine , we need to see how global markets behave today on the news . Important events this week is inflation data for US and Canada, Euro consumer confidence report and FOMC meeting on 18th and 19th . I have taken a sell on SPX [S&P] today morning at 1840 for a target of 1800 and SL of 1850 . There is no change in my long dollar positions and wait as I see a strong dollar post the meet . Strategy No change in Sell Calls HDFC Bank No change in long $UsdChf . No change in short $NzdUsd . No change in short $EurUsd, Sold S&P at 1840 Happy Trading .

Nifty closed marginally up above 6500 , there was profit booking around 6500 levels which resulted in drop of nifty last week . Inflation dropped for consecutive second month while manufacturing was in positive after a long gap shows overall macro economic factors improving in 2014 . This has to continue for another quarter to have a bullish stance on India . General elections also coming up next month I will rather wait till June 2014 to be on the buy side .  I closed by sell put on Nifty last week in profit . There is no change in my sell Calls of HDFC Bank to cover my loss occurred last month . US retail sales figures improved and jobless claims were down than last month . S&P dropped to 1840 and will sell on Monday opening for a target of 1800 . China output was at 5 year low which led a sharp drop in commodities . Lot of pessimistic data coming up from China has sent fears across the globe hinting a slowdown in their economy . Dollar has gained a bit as is now at tipping