Nifty 5000?

Instead of beating round the bush and then coming to my key take away at the end of the note I will give my take away upfront. Buy the Nifty if 4685 is crossed today with a stop at 4635.Target 4835.

My medium term view remains 5300 on the Nifty by Dec and the long term view is 7300 on the Nifty by Dec 2010. This I has been my view for some time.

The put call ratios, volumes and leadership in stocks and increase/ decrease in open interest can be selectively used on a daily basis to support ones pre-determined view. I will not bother to even create a semblance of a facade that I look at all that before coming to my considered opinion.

Ok more importantly, the entire question now is whether we will break above the overhead resistance of 4750. My view is yes we will do that and we will see a price closer to 5000 this month.

And you know what makes me most confident that I will be proved right? Affirmations!!!. Yes that is the SECRET.