The CRACKS & PLASTERING work ….

The Bulls are fully enjoying the days of happiness and the celebrations are being continued. The Bulls could push the Nifty to such a level that it will not fall so easily in-spite of the best efforts by the bears. The foundations at bottom are so strong that the continuation of “Bull Run” at this point in time is very much assured. But the strong numbers of the Sep-07 quarter can add value to the efforts made by the Bulls in advance other wise ?.
The power play is on and the markets are in thumps up situation to Reliance Power and its parent REL is enjoying the booty. The bulls are in charge of the Indices to scale up to new highs each time and every time.
The Monday move is a clear sign of cracks in the Bulls work but they could immediately do the plastering work to mitigate the severity of the damage. The Bears to some extent are shattered by the moves of Bulls on streets. As of now the time favours Bulls but from the US, the news flows are to be in favour of the bears and could exhaust the current Bull Run.
The strong case of Bears is their “life tonic” from the techs and their expression of inability to cope up with the rising rupee. The impending dangers in the US financial markets are cracking from the bottom and the slow down has begun beyond doubt. So the euphoria in the stocks across the globe could take a breathe for next six months as consolidation.