Oil Pricing Down

There is quite some relief in stock excahange, thanks to the dip in Crude Oil Prices By Dollar 10 so its now something about 130 odd dollars. Many have already started speculating that will act like a trigger and start pulling the oil prices back on track. People are suggesting that this is the right time to pick up stocks as Sensex will start spiralling back . Rumour goes that once Oil Prices dip by another 20-30 dollars Sensex will spring back to 16000-17000 level giving some respite to the market.