Entering a Trading Range

Newly converted bulls may be headed for a frustrating time

In our previous issue, we had said we expect this rally to go past 12,000 – possibly beyond. The Sensex closed at 12,173 in the week ended 15th May. We had also said that we cannot see a turning point for this market because sentiment as well as liquidity is at very high levels and they form a potent mix for the bulls. We had said...

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