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Below are Quote on Markets may consolidate in the 15600- 15900 level for some time before breaking out above 15900 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"It appears that the market is in a 'bull fatigue' stage. Markets may consolidate in the 15600- 15900 level for some time before breaking out above 15900 or breaking down below 15600. If the market is to turn bullish again it will have to break the 15900 resistance & stay above this level for some time. For this to happen a currently underperforming sector like banking has to emerge as a leader in the next leg of the rally. In the present rally metals & IT have been the clear leaders. These two segments are likely to remain resilient but they are unlikely to move up significantly due to high valuations. So, market leadership change is imminent, and private sector banking and industrials are the likely candidates. Hyper-speculative activity in fundamentally unsound mid-small caps triggered by newbie retail investors is an area of concern"

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