Is market correction around the corner?

Mumbai: Coming to the markets this truncated week ahead, momentum and market breadth are in favour of the bulls, and there seems to be no letting go of them as of now. However, the run-up has been fast and other than the sharp one-day correction on June 4, no meaningful corrections as of now.

Market corrections come suddenly and without warning. Will it happen this week or the next? Not sure. Keep one ear to the ground and prepare for the same because that could be sharp and meaningful. Until that happens, ride the wave as long as the going is good.

A simple strategy for the period ahead would be to ensure that you have no overnight exposure, as markets could open gap-up or gap-down. This could be dangerous. Trading opportunities would exist galore and provide plenty of trades to be facilitated. Use the opportunities to trade and await the correction when it comes.