Crossroads

The Budget will, hopefully, provide a direction

In the previous issue, I had suggested that a quick short-term rally appears on the cards. Without a rally, I suggested, the Sensex was headed towards 15,300. We did get a rally all the way from 15,700 to 16,400 and so the talk of a crash has been postponed for now. But that is no reason for the bulls to breathe easy. The dark clouds are still...

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