business

Bulls back for long-term? Jai Bala says 'hard to believe'

The first full-day trading session of Samvat 2068 has already seen the BSE benchmark surge more than 600 points in the opening trade. The euphoria in this rally, backed by European Union’s bailout fund of about Euro 1 trillion, however, could only be short-lived, says Jai Bala, chief market technician at Cashthechaos.com.

first published: Oct 28, 2011 09:53 am