A Short Correction

A short correction after a good rally the market had in March. It is likely to exist for a couple of days before next rally. Sectors getting strong are Cement, PSB’s, etc. NBFC’s which went into a big drop in 2018 have started shining with leaders like Bajaj Finance and Bajaj Finseve giving new high’s. Market Indices have reached for a new high, which indicates that the bullishness will continue. The market has turned direction from bear to bull and this trend is likely to last for a longer period say 1-2 years.

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Ramesh Sigamani

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