Market Shifting in the lower range again after disappointing economic performance

After recovering from October 2008 lows when sensex touched 8000 levels , nifty spent almost an year (from Aug 2009 to Aug 2010) consolidating in a broader range of 4600 - 5300 . We must understand that current market movement is always based on at least 6 month forward view.
After consolidation Nifty shifted its range upward ( between 5200 and 6000) and waited for the expected better performance ( from Aug 2010 to Aug 2011). But overall performance of the market failed to meet the expectations during last 4 quarters.

Currently we are in a process of shifting to the lower range of 4600 - 5300 again till market get a sense of improvement in coming quarters . We call it a "Time Correction" where market moves in a range during a stagnant performance of economy.

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 - Director , investCraft

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