NIFTY50 CLOSES IN ON ITS ALL TIME HIGH

After meandering since my last update on the NIFTY50 several days ago, things are finally beginning to hot up again. The NIFTY50 has gained about 185 points and is now poised to close near today's high near the 18461 level. We are now tantalisingly close to the All Time High at 18605. The odds on for a new high have increased considering that the IT Sector and the Private Sector Banks are both getting the attention of the bulls. The NIFTY Bank Index has bested the 43,000 level today and looks good to add another 3500 to 4000 more points.#nifty #sensex #technicalanalysis #investments #sharemarket #fundamentalanalysis #securityanalysis