I have been bullish on the stock market right from January 2009 and have posted my views here and elsewhere from time to time, also justifying why the stock market has only one way to go, and that is UP.
I am happy that my stand has been vindicated now, since my target of 3800 is surely going to be achieved in tomorrow's gap up with the euphoria over the UPA making a clean sweep.
It was extremely tough maintaining this stand over the last 3 months, especially, since I was in a pathetic minority, and every roadside panwalla and rickshaw walla was bearish on the stock market.
Now, what next?
If Nifty goes and closes above 3820 for a few days, the next logical target is 4300 with a few hurdles in between.
This euphoria in the political scene will not last long in the stock market and it will be soon be realised that as of now, there is still time for the economy to start doing well.
As Robert Frost had famously written - "The woods are lovely, dark and deep, but I have miles to go before I sleep".........The UPA government will soon realize that they have a lot of promises (pre election) to keep, and many of these promises are not liked by the stock market.
Enjoy the ride till it lasts, but keep an eye on the rear view mirror - the bear is fast approaching.
When will it catch up?
Keep watching here.............
