The pull back seen yesterday was very impressive with nearly all segments and sectors participating in a significant way. However with global cues turning negative again, we are likely to resume our downward trend today. A reassuring phenomenon is the good buying coming in at lower levels which makes us believe that this corrective phase will result in a sideways, range bound movement for a couple of weeks before we gather the momentum to move higher. Stay invested and use declines to add more quality stocks to your portfolio.
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