We Forecast .Markets Decide ..

Nifty raced to a new high and closed near 8200 mark . we might see some resistance here and see some profit booking at these levels . No change in my Nifty positions as I am in profit and  will wait till expiry . Most of the gainers were among mid cap space and this bullish momentum will be till 2015 . I am still not happy on the overall growth about the economy as growth is still picking up and the bullishness in the market is due to FII are in buying spree .  Nifty may move as per global cues and will be looking in Oct  for earnings report . Asian stocks weak on opening as dollar surged against yen yesterday , investors are more concerned because of political issues worldwide . News to watch is the Scottish referendum for independence and Ukraine crisis . EU has already got a hit on their economy due to sanctions imposed over Ukarine and Russia. Coming to currencies dollar has gained across the board with Euro and Pound being hit the most . NFP numbers were not so great last month

I am going short on $UsdJpy @105.06 .. for a target of 104.6 I have also closed my $EurAud long positions at 1.4177 at profit

Writing again after a long time , hope to be consistent going forward . Nifty has almost reached the 8000 mark with no signs of tiring  , expecting 8150 max on the upside . As mentioned earlier the best strategy would be to sell puts around 7700 - 7900 strike prices for the sew Sep series . My sell Nifty position for last month ended in a loss even though I had hedged it using a long Nifty Future . . I have taken a sell put at 7900 @50 . I am still hesitant to be long and I think it the market should correct around 7500 mark for a new leap forward . Macro Indicators slowly turning up but to early to comment as it has to be consistent for the next 2 quarters . Aug Auto sales numbers were up as expected as manufacturing picks up , deficit was lower than last year but exports have slowed in July . Asian stocks were flat on opening as Samsung and Hyandai reported lower sales for August . S&P hits 2000 mark and traders are in a dilemma to take it more higher . Dollar has rose acros

Nifty closed near 7600 and strong today morning on strong global cues . I have taken a sell on Nifty call at higher levels [please see my flash update column]. Earnings report in India look quite comfortable with major companies showing some growth . I am positive over India growth and have taken some long positions on specified stocks .Traders will be looking IIP data with expectations of an upside , and inflation data to remain high due to high prices .Market does not seems to be happy over the budget and no policy decisions taken by the new government . Asian stocks were flat and overall equities were in green on expectations that political unrest is easing . S&P climbed towards 1950 mark ..will it rally again .. I don't think so unless it corrects at some healthy level to cross its high again . NZ dollar was weak due to bad housing report ..overall dollar was strong except for Yen as traders bet on strong US economy . No change in my long dollar positions . Strategy 

I have taken a sell call on Nifty at strike 7800 @33 expiring Aug

Asian stocks were up against lows last week , We have seen equity markets were lower across the world , what could be the reason , is easy money over and we see economies struggling for growth . Lot of geo political tensions over the world has fueled money in bonds and treasuries than equity markets . I was looking for a drop for Nifty around 7700 levels [even though my Call strategy for July ended in small profit] , 7500 is a strong support level and will look to buy Nifty around these levels .I will be looking to sell puts around 7400 and keep looking for Flash updates on my blog . Sorry for being away for a while as I was busy professionally . S&P has taken tumble towards 1900 ... there is a strong probability towards 1840 ..where it will be a strong buy again . In 2015 we have seen most of the economies gearing up and US will be the winner among those . Employment data , manufacturing and housing statistics are all pointing positive and US will slowly improve stronger and muc

"Nifty had a free fall " - almost getting it to 7800 mark and then dropping suddenly below 7700 levels . As posted earlier I don't see much of buying at current levels , there may be euphoria on budget day but I expect some correction on equities globally . I am closing my long Nifty futures at 7650 and expect the Nifty to close below 7700 for July series . Coming up today Economic Survey which gives us current economic scenario and measures taken during the last year , and budget coming up tomorrow . Budget failed to impress the markets but some good measures that government will allow FDI participation to improve quality and growth for railways. Also earnings to start on Friday with Infy numbers and will be looking for performance in Q1 for corporates and the impact on Indian Markets . S&P fell to around 1960 levels followed by equities worldwide , I think Fed has got a hint that its time to raise rates or cut down on easing sharply with strong numbers on unempl