Reasons for historical high

A push above 20,000 is a historical high for Sensex. A classical look at momentum would only suggest that prices are pushing into overbought territory, but like everything else in technical analysis even momentum fails to harness  trends at all  degrees of time. This is why one needs to look at momentum  differently.
How do we look at momentum?

Mukul Pal, is a Chartered Market Technician, MBA Finance and a member of the reputed Market Technicians Association (MTA). He has more than a decade of Capital Market experience dealing with derivatives and global assets. He has worked for Bombay Stock  Exchange, multinational Banks and brokerage houses in leading research positions before starting on his own in 2005. He is the President of the MTA Central and Eastern European Chapter.