Everybody expecting a correction. Last week we saw a very shallow downmove but market snapped back vigourously to almost near the high negating that correction.
Market has a tendency to correct when not many expect it and people are not positioned for a correction. In this scenario, what seems likely is market will make a new high ( may be on Modi's US visit) and once the whole world is convinced that correction is not coming and will start buying no matter at what price, then we may get a deep correction to throw the bulls totally off guard...just a scenario.
Smart_trade