Nifty Would Be Range Bound Of 3000 - 3500 Till Poll Results : Barclays

Tuesday, April 21, 2009

Nifty Would Be Range Bound Of 3000 - 3500 Till Poll Results : Barclays

In an interview with CNBC TV 18, Mr. K Ramchandran, Head-Investment and Product Office, Barclays Wealth said,

I expect markets to remain in a range of 3,000 to 3,500 till the election results are announced. The markets have made a bottom at 2,500 levels which the markets touched in October and later on briefly in early March, which should provide a very good base for the market.

He feels the markets will slip into a consolidation mode post the huge run up of the last few days.

So be cautious...

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Tuesday, April 21, 2009