Witnessing sluggish movements over the past two weeks there seems no sign of a significant breakout for the indices. Rajat Rajgarhia of Motilal Oswal Securities says the Nifty is likely to remain in the 5,000-5,500 range.
“Given the global headwinds, there is a reasonable chance that we may remain sideways or go down 5-6% from here. We have been rangebound since the past 12 months and the trend seems to be continuing for another one quarter or so,” he reasons.
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