NIFTY - SHORT TERM: STRONG, LONG TERM: STRONG, PREVAILING BIAS: STRONG
Nifty today rose no 3 big buying sprees. Such buying sprees have been lead by the US Fed's US$600 billion printing money (another word for buying "bonds" in the open market). So this was enough to make the world markets jump and dance. Having said that, while the short term is fine, don't expect today's moves to continue on a day to day basis. 6200 will have to hold on the Nifty for 7-10 trading sessions before the trend is established
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