We Forecast .Markets Decide ..

Nifty was below 7300 on expiry day in May 2014 . That was a relief as my position on sell call Nifty was under pressure . It has finally paid off....I have taken a sell Nifty call for 7500 for June as I expect the Nifty to below 7500 in short term . I will also look to write puts near 6700 levels as I see India bullish in 2015 . Indian growth declined to lowest and the new government should try its best to revive the economy . All eyes on Mr. Rajan on credit policy this week . S&P rose to 1923 levels in spite lower confidence data from the US . Asian stocks flat this week . Lot of action next week on payrolls data in US , China PMI , Euro unemployment reports and Aussie rate decision. Dollar stronger since last week and will be looking to NFP data next Friday . Gold reached a low and i think is a good buy at current levels for short term . Looking to short equities but not conformable at the moment  . S&P looking overbought at current levels . Statistics No change in long $

I am selling Nifty June Call 7500 @61 Keeping my fingers crossed on my Nifty May 7300 Call which is slightly out of the money

Finally the election euphoria has ended , India has given a clear mandate of absolute majority ..which is good going forward . Nifty touched a new high and settled around 5300 at close , All eyes on formation of government and portfolio management for council of ministers which will allow the markets to rally . I have a sell on Nifty around 9300 which is under pressure ..will wait and take a reverse position today . We should now see how the new government bring out reforms for a better and strong India . Markets will ne moving sideways taking cues from Monsoons predictions and the interim budget . As mentioned in my previous posts I will be bullish only after June 2014 ...looking to buy Nifty when it consolidates for the last time . Asian stocks in green on todays open on earnings report . Dollar overall strong but may lose momentum in near term , keeping a watch on the Yen in case it closes below 101 it will fall further towards 100 mark against the dollar .Important events today i

Nifty rallied to a new high moving above 7000 mark , courtesy exit polls showing that BJP will emerge as single largest party in elections 2014 . At this point I should stop talking of markets reaching new highs as going forward for the next 1 year markets will be bullish . Inflation rose and IIP numbers fell showing contracting in manufacturing , these were overlooked by the traders and there was a bullish scene on Dalal Street . We still wait till May 16 for actual results to come . My sell call for Nifty still in the money and I think will close in positive for May . Looking to sell Nifty Call around 7500 levels as Modi win is already factored in this bull run and looking for a consolidation for next few days . Asian indices also reached a new high taking cues globally and good earnings from corporates in the US and from Japan . At this point S&P looks overstretched and face resistance around 1900 levels . US retail sales rose showing signs of expansion in the economy . US is r

Friday was a festive season for Indian markets , Nifty reached at all time high up by almost 200 points to close near 6900 . Will the euphoria continue ..??? It will great fun to watch the next few days as opinion polls will start kicking in from 6 pm today with every news channel will predict the outcome . In case of clear majority expect the markets to peak and in case of hung parliament it will go the reverse way . As a trader always try to make money irrespective of markets going in any direction , u need to decide on a proper system with strict  win and lose percentages .  I am still holding my Sell 7300 Call for Nifty and will hedge my position in case nifty closes near that level on a daily basis . Lot of volatility as option prices have picked up and many brokerage firms have increased margin requirement for positions , exchanges have geared up and re checking systems so that they don't fail . Lot of events  with Inflation numbers and manufacturing data coming up this

Binary Signal : $GbpUsd, Call : 1.6927 Expires 20.00 GMT In case it goes down will probably reverse my position

Binary Signal : $UsdChf, Put : 1.87579 Expires 20.00 GMT I think Dollar will be weak for remaining part of the day