@sparkly - new year high on NSE as it closes at 3,895.86, +40.72pts, 1.06% gain. So the double top formation has been negated for now and 4000 is still on target. However note that the index has been overbought since late June with diminishing volumes. A correction is due, but timing it is anybody's guess...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!