well predicting is something I dont have... reasoning - I may have my own, like many others....
Euphoria is missing as I have being saying consistently...mob is ready to drop their pants & run on the 1st sign of weakness... for a may kindof mayhem...the Fi2's need someone to dump their billions of purchases (as advertised by the media...
If you hinting to a correction...I agree its closeby... Only an International downtrend can reverse & break our trend out of the thumping bull run... or euphoria...lets see which comes 1st...Euphoric levels according to me are 20K ish...so I stated the same, this kindof bull run cannot just end one fine day & the major players just quit & say ok tata bye bye...whatever I can get I get by selling off... + dollar weaking is a big + for the FII
the index is climbing at 1K points per 15/20 working days average...today 20K seems "Oh my GOD" but it'll seems much closer 2 months down the line & results are around the corner...
@Karthik - lol hope you are too, we have beaten dow indeex but japan HK are still pending & maybe mexico & brazil (naah that's too much) ???