Mkts clock smart pullback: Experts foresee another leg down

Investment advisor Gul Tekchandani says the worst is not over yet. "I think one more leg down—probably 5500 to 5300 and then you can possibly go and pick up from a technical perspective," he predicts.

January 18, 2011 / 22:17 IST
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The markets clocked a smart pullback rally in trade backed by strong global cues and short covering that helped the indices build on a positive start. Earnings cheer in stocks like TCS and Axis Bank also boosted sentiment. At closing bell, the Nifty stood at 5,724, up 69 points, while the Sensex rallied 209 points to close just short of the 19,100 mark.

However, according to investment advisor, Gul Tekchandani the worst is not over yet. "I think one more leg down
first published: Jan 18, 2011 05:15 pm

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