(2) Is it time for Nifty to correct ?
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Nifty touched new highs last week within touching distance of 4900. While many experts feel that the market upmove shall continue, I think it is time for a correction. Whether the correction shall be a steep one like the year 2008 or it would be a milder one which precedes the next bull run cannot be stated with confidence, but a correction nevertheless is due and should happen within the next few weeks if not the next few days.
The reason why I am so confident is that the markets have run up ahead of the fundamentals. A look at the fundamentals tells the following story.
for all other people calls please trade at your own risk