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NIFTY Conquered 5050 levels

Technicaltrendz:Sensex closed above 17000 for the first time since May 8, 2008. Sensex shut shop at 17126, up 273 points and Nifty at 5083, up 77 points from the previous close. Bank Nifty up 3.82 % CNX Midcap index was up 1% and BSE Smallcap index was up 0.94%.What will be next technical target ?

BULL: Next target is 5250 ,we expect it in a 2-4 week time ,FII's heavy buying taking market to new levels.

Stocks were are Bullish on tomorrow is BEL,ONGC,GAIL,RELIANCE

BEAR: We are playing for retracements in this market,we look TCS as good candidate for short in higher levels