Be prepared for a correction, Nifty may slip to 8,200: Expert

The first day of the November F&O series ended on a dull note with key indices ending marginally in the green. Experts say while there is some value still left in certain pockets, not much steam seems to be left in the index itself. Speaking to CNBC-TV18 Market Expert Anand Tandon says opportunities remain but market may not run away in a hurry as far as the key indices are concerned. Ashwani Gujral of ashwanigujral.com believes the Nifty has been stuck in a range for a long time now and should now get ready for a correction. He advises not going short yet but to avoid taking long calls either. "When the Nifty breaks 8,550 decisively then it is time to take shorts and ride the move downward," he says, adding, new buying opportunities will come around 8,200 on the Nifty. Watch videos for more...