Markets are high no doubt and people are confused. But , technically, markets are strong while fundamentally, the evaluations seems stretched.
Long term trend seems up but a correction may come for short term. I don't see any big correction though markets have been in a consolidating period.
Nifty may correct once it will kiss 6000 level that too before 2010 say goodbye to us.
Indian market is on bullish path and Global markets behavior on day-2-day basis can at best work as speed bump.
When you get mired in technical analysis, it can get pretty easy to forget the human element of the market. Markets are driven by optimistic crowd and Shorting rarely pays.
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