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Mid-Session Outlook(13-09-2010)

Strong global cues sparked that blast today about which I told more than 10 times in recent past in the following words:-

"No significant resistance between 5550-6000 and sharp upmoves will be seen within this range"

Strong bull rally on cards and keep in mind following 2 Indian market's bull rallies because its repetition is also possible:-

1- Jan 1992 to Apr 1992 rally.
2- Sep 2007 to Dec 2007 rally.

Only difference between above 2 rallies and on going rally is that above 2 were Wave 5 rallies and on going rally is Wave 3 rally.

Remain bullish in bull rallies and be bearish only after complete selling patterns.