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Buy-the-dip mantra keeps market resilient, experts say bullish grip to stay

Book profits and re-enter at lower levels can be a good strategy say experts

markets, stock market, sensex, correction, nifty, shares, growth, profit, economy, gain
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Technical analysts believe the markets poised to make fresh highs

Sundar Sethuraman Thiruvananthapuram
With equity markets witnessing record foreign inflows and US dollar expected to remain weak, buy-the-dip is the mantra being advised by experts. On Wednesday, the benchmark indices dropped 1.5 per cent—their biggest single-day decline since October 15. The decline was immediately bought into, helping the benchmark indices rebound in Thursday’s trade.

Technical analysts believe the markets remain in bullish grip and are poised to make fresh highs.

“Sentiment going into December series is quite bullish. November has seen a record inflow of $7.5 billion from overseas investors. Favourable macro for emerging market equities driving flows are predicated on a weak dollar, which