Wednesday, November 3, 2010

Nifty bullish

Nifty has been rangebound between 5950 and 6180 on the upside for the last few weeks. It has crossed 6180 (Nifty Futures) today intraday. This is bullish. Its a very high probability that we should see lifetime high soon. The street is waiting for the Fed announcement on QE2. Hopefully it should be positive and the bull run should continue. The Euphoria around Coal India, Diwali and also sustained FII buying are all positive and unless there is some adverse news from the Fed we should see Nifty at a lifetime high soon.

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