I have different view. I don't think it will go to 5500.. Max it can correct by 100 pts ... Major correction will come only after 6400 +, may be in Dec-10 , Jan -11.
But I prefer to go with trend and always trade with stoploss.
Most of the indicators point that NIFTY is in overbought condition, but the
correction may be deep or mild ,dependent on Global conditions, RBI credit
policy and inflation data.
dear ,
m carrying heavy losses in nifty future and options. Is there any way to recover my losses? I want to know whether nifty is likely to trade lower before expiry ? If so how much?