Will Market Rise up afte Coal India IPO on monday

Will Market Rise up after Coal India IPO on monday..What are your views

I am hopeful the market would rebound on Monday. US FED Chairman Ben Bernanke is about to give a speech on Saturday which means more liquidity for the markets. None of the international markets are down. This gives me a hope for a rebound.

But if we listen to analysts on TV, they say Coal India IPO might be subscribed 20 times. That means it would cost 15,000 crores x 20 = 3,00,000 crore rupees. That much money would be taken out of the market by FIIs and DIIs. That is why analysts expect a major correction, taking Nifty to 5700 or 5800 levels.

But as many experienced traders on this forum have said, and I agree with them, that the bull run is not yet over. There will be opportunities even if there is a correction. Hold on tight...

Hopefully, the market would rebound from its oversold position. The correction was very sharp without much chance stabilization. Any good news on the liquidity side would push markets upwards.