
I am bullish for pure technical reasons which can be explained in the following four points
- Nifty nearing 50 day EMA which coincidentally equals 61.8% of reattachment from 6338.50 recent high to 3918.75 which happen to be significant lower after new government formed
- Slow Stochastic has come down to oversold zone in weekly chart and is already moving since 10th Jan, 2011 in daily chart
- Nifty has touched base of the down channel which happen to lower of Bollinger Band (See next graph)

- And if you are even not convinced then have a look at my last graph, which is being wathed by world

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