FEAR OF MAJOR CORRECTION

Now all the world markets are at correction and if falls further this may lead to major correction in all the markets.

• US S&P if falls below 1033 then falls further and the top may be over.
• Like-wise if nifty falls below 4800 we may expect major correction in the Indian markets (medium term) targeting 1117 points correction from 4800.

Means we may expect an attempt to fill the gap up opening of Nifty upper sealing on the eve of Indian Govt elections. Beware of the fall.

My view is buy one lot of nifty put 4900 and stop loss for this is 5050.