4000 or 3200 which is more likely????

Dear Friends,
Everyone in this market is very much confused with only one question in their mind and that is "where will market go by the end of this series????"
I am sure that market will definitely take a massive move of about 400 points but in which direction it is still a millions $ question!!
What do you think friends is it 4000 or 3200, wich is more likely for this series...
I personally think that market will touch atleast 3850 by the monday/tuesday next week and then a huge profit booking and fresh short positions will take place in the view of elections results and that move will pull back market to 3200-3000 by the end of this series.....but the god only knows what will happen...

Please share views with the comments....

regards
Abhi

Edit: my vote for 3200
Discl: Not in any positional trade, just waiting & watching...

Market always has a surprise for everyone.

When it was 2600, ppl (even the most hardcore of the bulls and the bears and the true experts which are found on TJ and other forums) were exepcting 2200 at least once before the next run up BUT market belied their expectations.

Same case in 3200, everyone expecting a sell-off or a dip, nothing.
Now same in 3680. A small dip of 50 pts and ppl have started looking down to 3400, 3300 and 3200 levels, nopes, its not gonna cross 3400 by any chance - at least in May

BUT

Market will play spoilsport to everyone and move like no-one's even thought about.
One fine morning at 9am you may see CNBC showing SGX Nifty trading at 4100+.

And as one of my favorite always quotes : And I could be wrong ...

I'm agree with your views but we should not forget that we are almost 50% up in just 2 months, so we can expect a big sell off any time.... or they can wait for some more time.....

market is heavily overbought and political dilemma coming soon.so i vote for 3200.

I dont know why I feel that market will not go down at all. So at this movement, I would say it will reach to 4300 or more...

It will remain in bullish. and most of us will raise our eye brows .

Being positive viewer I have taken long position on friday @ 3660 for 3 lots of Jun-Minifty. Pl comment on my position. Thanks in adv to all contributors.

SM

Nifty trends are down and I am expecting minimum 3400 in 2-3 days, but 3200 are so far.


Subhas801

I am betting on BJP winning more seats than Congress and then NDA forming a government with support of AIADMK and TDP. This new government may not last for more than 2 years but it is a much better combo compared with anything in which commies (left) are involved.

So, I am buying 3900, 4000 calls. I have bought some 3200 puts too, just in case...

One thing is sure. That there will be a move of more than 275 points on Monday either way. We will know on Sunday. Keeping the fingers crossed.

sir,
i have a nifty may put 3600 on cost rs.180 when can i sell it and give the advise to hold for how long please advice me