Ridham Desai of Morgan Stanley says he expects Nifty to triple in next 3 years...( take it with a pinch (or bucket) of salt
) .He also says that 5-10 % correction can come anytime.
Markets never go up or down in straight lines. It always has intermittant corrections. So as traders we have to trade what the charts indicate, as corrections also could be meaningful and tradeable.Markets can go up further as the liquidity is fuelling it up but we should be careful as and when the correction starts...even 300-400 nifty points correction is large enough for we traders.
Smart_trade