Stock Markets on a new high

Before the strong metallic sound of the opening bell of the Bombay Stock Exchange cruised through the Dalal Street on 21st September,2010,nearly all the technical analysts(equity) were predicting that the market will reach the most awaited 20000 SENSEX points and 6000 NIFTY points that day. Each and every person with his savings pumped into the stock market,was very excited. Every nook and corner of Dalal Street was looking most energetic and excited since January 2008(when the markets crashed as if without limbs).Before the previous week, market was capped on the upper side at the 5500(NIFTY) level. A continuous one-week rally had brought the market to this level(NIFTY-5980 & SENSEX-19906).The market was looking very strong because of the contribution from banking,pharmacy,realty,automobile,IT sector,each realizing its responsibility and leading the markets alternatively when needed.In short we can say the market was sitting on broad-based momentum.This momentum was basically the result of Indian markets looking the most attractive in terms of valuation amongst the major economies of the world and hence attracting huge FII's(FOREIGN INSTITUTIONAL INVESTORS) wallets.Finally the much awaited time came,the opening bell was rung and the buying and selling in the market started and picked up.within one or two seconds of the markets starting their business,all the major news channels started flashing the news - "SENSEX crossed 20000 mark and NIFTY snatched its right to reach the 6000 mark". YESSSSSS!....WOWWWWW!...celebrations began throughout the  DALAL STREET.Though this event was shortlived because of the psychological pressure of the 6000-mark and profit booking.....this was the heralding of a new epoch.It was not only as small as jumping few points , but it was a reminder to the world that the once-called "GOLDEN BIRD" has risen back to its power strengthfully and that day is not far when all the major markets across the world will take cues from the Indian markets. I AM A PROUD INDIAN !   JAI HIND!