Indian Share Market: RANGE BOUND MARKETS - Not out of the Gloom Yet..!


by  A K Prabhakar,  Anand Rathi

NIFTY..!

■     NIFTY (5914), Nifty has made fancy high of 6111 on 29th January 2013 post which Nifty corrected till 5663 which is low of 2013.

Till 6150 is not crossed by Nifty on closing basis, there are chances of Nifty correcting below 5663 and targeting 5548 and 5400 in next few months.

 A K Prabhakar,  Anand Rathi
SENSEX..!

 ■     SENSEX - (19564) has corrected till 18760 and recovered fast. If Sensex February 2012 high 18523 is breached then only we will see major weakness, till then 20200-18900 would be range for Sensex in next few months.s

Contatct
Mr. A K Prabhakar Senior Vice President - Equity Research
Anand Rathi, 4 th Floor , Silver Metropolis, Jaicoach Compound Opposite Bimbisar Nagar,
Goregaon (East), Mumbai - 400 063.  India 
Tel No: +91 22 4001 3700, Direct:  +91 22 4001 3999, Fax No: +91 22 4001 3770, Website: www.rathi.com
Email: akprabhakar@bloomberg.net 


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