Laurence Balanco of CLSA beleives that the next leg for the global market is down. However the flip side to that is, post this correction phase you could probably see a bit of a cool-off and it could mean a bit of a sustained rally for the year end. He also says 7900-8000 level on Nifty which was earlier a support is acting as a very strong resistance on the higher side and Nifty could move down to 7500 levels. Please watch video for more..
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