Charts are extremely bullish, it’s a quiet bull market with low volatility. VIX is currently around 18 levels. We continue to remain bullish on the Nifty. Nifty is now rewarding investors for their patience after a long rangebound period. There is no resistance till 6350. FIIs continue to pump in money. Retail has started entering and will do so increasingly as the rally progresses.
Looking forward to Nifty 6350 and higher.
Friday, September 17, 2010
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