2010 Year of the Bull

We have had a stronger than expected 2010 end. Its been a good year for the bulls with the NIFTY moving from 5232 to end at a strong 6134.

The start of 2010 was wobbly but momentum picked up later in the year. But that is past, now what can we expect for 2011 and the coming decade.

Lets look at the coming decade first. The India story is likely to get stronger and stronger as we progress towards 2020, that we can be sure of.

For 2011, if the external inflow continues, we can see the move extend. There is another point to note, the performance of the pharma and FMCG sectors points to a return of local consumers, which is a good sign for the economy.

Wish you all a prosperous and happy 2011. With many trading opportunities.