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Not much upside beyond 5650 in short-term, says Dalton Cap

UR Bhatt of Dalton Capital Advisors says that the positive inflow from FIIS has lent confidence that the aggressive selling could finally be over. But market is likely to remain range-bound, he says.

May 11, 2011 / 15:12 IST
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Even though FII inflows have finally started coming in positive, UR Bhatt, MD, Dalton capital says that he expects the markets to remain range-bound between 5600-5650 levels. 

The aggressive selling by FIIs seen over the past few weeks is over. This lends confidence to the investors, he says in an interview with CNBC-TV18. 

first published: May 11, 2011 10:40 am

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