Why I am BULLISH on Nifty??!!
Bulls to Dominate Power, Real Estate, Media  & Banking Sectors...The Joker in the Pack: Stock from Retail Space....

Accumulate Anant Raj Industries Ltd (Rs.43.60), Reliance Power Ltd (Rs.77) and Vijay Shanthi Builders Ltd (Rs.15.50). I think most of you are holding my recommended UCO Bank (Reco at Rs.62-63) and Polaris Software Ltd (Reco at Rs.118) and Nifty _Futures Recommended yesterday and recommended today with an extended target of 5350... 

(i) The monsoon deficiency throughout India is becoming less and less, giving positive indications to the Bulls.
(ii) The government said it would not cancel all the coal blocks, because it would amount to political stupidity.
(iii) Also, in the US, the Wall Street Participants are expecting another round of QE.
(iv) The so called "COALGATE" scam is turning to be a mere eye-wash, as the government refused to cancel most of the coal block allocations. Also, the shrillness of the BJP is toning down, a bit. Moreover, there is positive news for Reliance Power Ltd too, as the company started coal production from its Sasan mines (Moher and Moher-Amlohri extension mines--two of the three mines) to fuel its 4000 MW Sasan ultra mega power project (UMMP), India's largest domestic coal-based power plant. This could take the stock above Rs.100 once again.
(v) The market is yet to give the credit to the positive news: GAAR may be deferred for 3 (three) years and STCG may be abolished. The positive effect of these news could be too hard for the bears to handle. Because our markets are governed more or less by the FII money.
Now additionally the ECB’s meet is eyed on 6 th September, 2012, which is expected to announce some positive measures to support the EU economy.

All these events coupled with an expectation of either a CRR cut or an interest rate (Repo or Reverse Repo) cut, could push the Nifty to newer levels. I am expecting the Nifty Futures to cross 5400 in the next few trading sessions.