We Forecast .Markets Decide ..

My Sell Nifty Call for last month [Strike 6900 April ]  closed in profit I am taking another Sell call for May Strike 7300 @77.5 as I am not bullish on the Nifty even though elections results may increase volatility  

Nifty slowly going towards 6900 , but there will be a strong resistance around 6875 . Global cues being positive there will be a tough fight between bulls and bears . Good numbers by HDFC Bank , Zensar and Tata Elxi ..coming up today will be Cairn India , YES Bank and Ultratech Cement . We will see more of these earning and will update you on overall analysis . We will see some volatility due to expiry today , NSE will be closed tomorrow due to election day .  I will look to sell Nifty 7100 Call for May series before end of day today and hope my sell call for 6900 series for April closes in profit . Asian stocks advance on strong global cues , China PMI slowest than last quarter but better than last month , question that will China will be able to meet GDP guidance for this year . Aussie dropped on the news that inflation rose unexpectedly , S&P rose on better earnings from wall street and my position is negative [short from 1870].Important events today will be Euro Zone PMI , BO

Nifty crossed 6800 levels and may face a resistance around 6850-6875 levels . There was buying all around and hence we have reached at those levels . Will we sustain at this level or may be a break is required to move up further . There is no change in my Nifty positions but will rather wait till expiry . Good numbers by RIL , LIC housing finance and Crisil , we will see lot of coming up this week . All eyes are on election results and hence a caution to investors please do not think only in political point of view but also look at economy and other macro indicators . Asian markets flat , S&P rises in straight sessions as analysts predict that corporate will indicate better profit guidance for the next year . Volumes are thin since last 2-3 sessions due to holiday and expected to pick up this week . Lot of events this week and we may see some volatility on the currency side as well . I am taking a short trade on S&P at 1870 levels and lets see how it goes through next week .

Nifty closed around 5850 levels , meeting lot of resistance around 5800 levels . I feel it may fall before election results and then would be the start of the bull run . Inflation rose again and manufacturing not showing signs of recovery , hence very skeptical in the short term . IT majors have declared their numbers but not so confident for the next financial year . Coming up next week on earnings is Reliance , major banks like HDFC , ICICI  and Axis Bank . No change in  Nifty Sell call of 6900 . S&P gained near 1870 mark and will be looking to sell again around those levels . On a Global Level China slowing as per data . US overall manufacturing picking up this quarter . Euro Manufacturing probably will recover than last quarter while German business confidence may be lower ..all coming up next week . Also need to look on inflation in Australian and probable rate hike for the Kiwi .No change in my FX positions and will be looking to sell SPX on Tuesday morning . Statistics N

India earnings kicked with Infy numbers , they posted better margins this quarter but sales have dropped and lower guidance in sales and profit for the next financial year . Nifty drops to 6700 mark but traders anticipate upward move towards 7000 . Inflation rose after 3 months putting Mr. Rajan in a dilemma on increasing rates . I do not see any signs of improvement in the economy since last 6 months with only relief from the inflation point . No change in my sell Nifty calls .I will be looking to sell puts at 6500 mark today and will keep you posted. China growth slows down as GDP increased marginally since last quarter , this may cause a concern and impact currencies like Aussie and kiwi . US retails sales advanced while pound was stronger on better consumer confidence data . Markets to be in thin volume until Monday due to holidays this week , I would suggest not to take any positions by end of day . S&P recovering back to 1870 levels and will be looking again to sell at thes

Nifty around 6800 mark ...will it march ahead by May 16 [polls outcome].  Feb Industrial data prints low which is lowest for the last 9 months hence slow manufacturing data since last 3 quarters which is not an healthy sign for India .Its every interesting month now as market will not at all price in earnings , economic data but will  react on opinion polls and strategy reports . Infosys will declare its results on Tuesday  for the quarter and revenue growth guidance for the next financial year . Reports suggest that Nifty may cross 7000 mark until May 16th as market participants think India will vote for majority . I don't want to comment here and will rather wait till June to be bullish . Coming up this week Inflation data and Jan-Mar earnings from Infy , Wipro , Reliance , TCS and Indusind Bank . Asia stocks flat on todays opening as concerns over high inflation grows . Mixed signals from china on growth as economists feel they are slowing down . S&P fell towards 1800 mark

Nifty was flat yesterday and hovered around 6800 mark . It will open in red today as stocks dropped globally . There was good turnout yesterday in India elections with major states went to polls yesterday . Nifty will take cues globally in the coming days until election results are out . I feel  what ever be the outcome India will grow in 2015-16 and I  am bullish after mid 2014 . No change in my sell Nifty call strategy . Asia markets were down on opening after china reporting fall in producer price index and accelerated inflation . S&P fell due to tech shares sell off and is almost 70 points down since last week . I will close my S&P short position next week or by end of day today for some profit . Dollar continued to be under pressure and important events today will be Euro consumer price index and US business confidence index later today . No change in my FX positions as all of them are in red and will hold for some more time . Strategy No change in long $UsdChf . No