We Forecast .Markets Decide ..

Markets were green all over the world with Nifty and Asian stocks ending higher . It was a new high for the Nifty and it may race towards 8500 . I will continue to hold my sell Put position until expiry . Analysts remain upbeat on India for 2015 and expect Nifty to reach the magical figure of 10k . Oil prices remain low for the quarter , hence cooling up inflation and an opportunity to Mr RBI to reduce interest rates for the first time . Traders will now watch for September IIP numbers and CPI data . Looking to consolidate around 8500 levels . S&P was trading near 2038 [when i write this post] and will remain in positive till the day . I am also bullish on US equities and the dollar for 2015 with the index may reach 2100 levels in the new year . Good earnings season from the US with good employment figures for the last 6 months makes a positive scenario for investment in the US . No specific news in the next few days as the calendar is light for this week . I continue to hold sho

Nifty was flat this week around 8337 , I still think it can go upto 8500 levels before taking a break .We have seen a strong up move for the last 6 months ..I see a strong growth story and will remain bullish in India in 2015 . Manufacturing and Services do not show satisfactory move even now though the markets have gone to that level .I remain upbeat on banking and Pharma stocks , nice earnings this season but i still think Q3 numbers will be better than previous quarter. I have taken a Sell Nifty Put position @25 for 8000 Series .  US stocks remain higher and I will be bullish in 2015 not because of free money used but because of strong growth in US . Last 2 quarters have shown impressive growth in US and Fed has finally ended their QE 3 program . They will be looking to raise interest rates in Q1 2015 . Dollar has gained substantially over the last 3 months and all my long dollar positions were in profit . I have closed half of my positions and will look to add only when i see a

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