In
the past few months a lot of opinions have been thrown around regarding the
rise in the world markets. Compared to last year the markets are definitely
doing better. In India the rise has been phenomenal. From March we’ve been on a
very welcome Bull run. The question which has been asked for quite a while now
has been “When Is This Going to End?”
,there are some traders who are ripping their hair out unable to understand
what exactly is going on, according to many this is a level that both the Sensex
and the Nifty should not be able to sustain.
The
first impression that you might receive upon reading the title of this post
would be that the writer is trying to suggest that the Indian markets are headed
or heading towards a correction. A dip in the indices which have for the last
six months or so stayed positively in the green are now going down into the red
zone. Let me categorically say that I am not suggesting that a correction is
imminent or anything like that. However based on the movement of the markets
during the past few trading sessions, there is evidence to suggest that we
might be moving towards a correction in the medium term.
