A trillion bucks! NSE derivatives turnover does it

We just spoke of the markets moving beyond our predicted 16000 onthe Senses, and now it is time to talk of the 18000 mark!!!

We know the markets can do the unexpected thing but this takes the cake. The "irrationality" and mania symptoms get worse. Along with this jump we see the the F&O turnovers cross the 1 trillion mark on the NSE.

It should be an interesting end to the year 2007. We wont attempt the impossible and try predict the year end mark for the Sensex or the nifty.

Let us stick to our short term trading and enjoy the 1000% plus jumps in option that have become common place since the past few months.

It is not often you get those trades. As usual caution is a must for traders. Enjoy the madness while it continues.