As I have been saying repeatedly, that we are at the beginning of a new bull market which will last for atleast 3 to 4 years.
Reliance, which has been a laggard, during the last 4 years during the bear phase, will lead the next bull phase because of its heavy weightage in the Nifty and the Sensex. Today, we have decisively crossed the 20,000 mark on Sensex and closed above it. If you go back to 2008, that was when the Sensex made a lifetime high of 21,000. We are today close to that mark. After we cross that, which could happen this month, its likely that there will be some weeks of consolidation and the budget will be the next trigger, which may help the Sensex cross 21,000 decisively.
Deregulation of diesel is the best thing to have happened to our economy, to our country and to our stockmarkets, though a little late, but better late than never!
Reliance, which has been a laggard, during the last 4 years during the bear phase, will lead the next bull phase because of its heavy weightage in the Nifty and the Sensex. Today, we have decisively crossed the 20,000 mark on Sensex and closed above it. If you go back to 2008, that was when the Sensex made a lifetime high of 21,000. We are today close to that mark. After we cross that, which could happen this month, its likely that there will be some weeks of consolidation and the budget will be the next trigger, which may help the Sensex cross 21,000 decisively.
Deregulation of diesel is the best thing to have happened to our economy, to our country and to our stockmarkets, though a little late, but better late than never!
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