I was away from the market for a long time. But now i am back so thought of giving some views regarding my expectation from the market from here on wards.
As i was expecting nifty hit 6000 by the end of 2012. Recent movement of nifty suggests that february can be a month of downfall. It can be viewed as correction too. Today nifty opened with gap up and then came down. In the process it filled the gap which it created yesterday that is 5th feb. So it is a strong indication that there will be correction in nifty. Traders can buy puts of feb accordingly.
As i was expecting nifty hit 6000 by the end of 2012. Recent movement of nifty suggests that february can be a month of downfall. It can be viewed as correction too. Today nifty opened with gap up and then came down. In the process it filled the gap which it created yesterday that is 5th feb. So it is a strong indication that there will be correction in nifty. Traders can buy puts of feb accordingly.
