Over the past one month the Sensex and Nifty have been trading in a narrow range of 16800-17300 odd and 5000 to 5200 odd levels. The good thing about trading ranges is that they are the signals of an impending big move. The bad thing about them is that they can continue indefinitely.
The next big question now is ....Which way are we headed?? The people in the markets are divided over this issue as much as we are all divided over Raj Thackerey's methods!
Its always better to react than to predict. Dont try to put astrologers out of their business!! Let the markets decide for themselves.
Stock specific trading moves will continue as long as we are in this range.
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