Kulfi (Indian Ice Cream)

1 quart (4 cups) milk
1/2 pint (1 cup) heavy cream
1/4 cup sugar
1/2 cup chopped pistachio nuts
1/2 cup chopped almonds
1 Tbs vanilla
2 drops red food coloring

Combine milk and heavy cream in a saucepan. Simmer over medium heat about 20 minutes, until thick. Add remaining ingredients and mix thoroughly. Pour into paper cups, half full. Freeze for 1 hour. It should have the same consistency as soft sherbet.