As the year 2007 draws to a close, the bulls are again seen betting on the sensex having a minirun and crossing the lifetime high it achieved earlier this month! The U.S. markets have been buoyed by the infusion of capital and strong fourth earnings to-date. Add to it the lower than expected inflation figure and better employment data and suddenly, everything does not seem all that bad, does it??
The air suddenlly has a merry nip to it, there is a spring in everyone's steps and hopes in their hearts that maybe, just maybe the Sensex is gearing up for another shot, another strong rally, to prove all pundits wrong and touch new highs!! The technical analysts all seem pretty united on the fact and have a range of targets that the Nifty can achieve in the short-run!
Maybe merry days are here again, maybe Santa has heard everyone's prayers and decided to answer some too!!!! Maybe, just maybe, we are gonna see some lights at the end of this year, maybe some of us are in for a lovely XMas gift too!!
Sorry guys (yes gals, I'm a bit of a chauvinistic pig!!), sorry for including so many "maybe"s .. But believe me, based on some pretty strong earning reports and the seasonal sentiment, expect the sensex to stage a small comeback in the near-term! N you long-term investors, just stick in dudes!! The Indian markets have a very bright future ahead!! Wishing you all a lovely time ahead!!
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