What charts say about 2006

 Three consecutive years of strong performance have led to frightening levels of investor-confidence. It is the first time that the Indian markets have witnessed a bull-run sustained over such a long period and with a such a broad effect.  In the past three years, the Nifty has moved up by over 175 per cent and this movement has not been one-sided. Previous bull markets have tended to run out of steam inside 12-18 months and usually, as in the IT boom of 1999-2000, one sector has led the way and outperformed everything else by a distance.  However, between 2003-2005, scrips from every sector have delivered decent capital appreciation. The gains have also been well-distributed in terms of market cap. Big stocks, small stocks and above all, mid-sized stocks have all done well.  Naturally everyone would like to know the answers to two questions.  A) Will the bull run continue through 2006?  B) And, assuming it does, is it likely to remain as broad and secular as in 2005?  Before we start delving for the answers, it