Ok guys, we have too many experts predicting a rise to 5600 (or thereabouts). Then, due to minuscule rises in the last two days (as compared to the two days before that) and nifty unable to close above 5500, we have seen them change tack and predict a small correction (5370 or thereabouts) and then march onwards to 5600. Now, all this is fine on paper, but plays havoc with the options traders, doesn't it? You don't know whether to buy puts or calls, whether to hold them overnight or book your profits / losses today and stay in money for tomorrow etc..etc..
So, since almost everybody is expecting a small downside towards 5400, when do you think think this downside will come? Tomorrow (Thursday 17 Feb,2011) or the day after tomorrow (Friday, 18 Feb, 2011) or next week or not at all?? I personally feel that we will see the correction on Friday, with some false positive upward moves (maybe touching 5530) on Thursday.
So, do cast your votes and let's hear your reasons.
So, since almost everybody is expecting a small downside towards 5400, when do you think think this downside will come? Tomorrow (Thursday 17 Feb,2011) or the day after tomorrow (Friday, 18 Feb, 2011) or next week or not at all?? I personally feel that we will see the correction on Friday, with some false positive upward moves (maybe touching 5530) on Thursday.
So, do cast your votes and let's hear your reasons.
