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No need to panic! Tech charts say 'all is well' till Sensex holds 54,000

Market participants have become cautious amid significant valuations and strong gains Sensex has achieved since the start of the year

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markets, stock market, brokers, investors, sensex, correction, nifty, shares, growth, profit, economy, gain

Avdhut Bagkar Mumbai
The benchmark indices came tumbling down in Friday's session as taper scare returned to Street following the release of US Federal Reserve's latest policy minutes. The minutes indicate that tapering of bond purchases may start later this year. This triggered a selloff in global equities which extended to Indian markets too. 

Analysts foresee a few choppy sessions in the days ahead for the Indian equity markets. However, they feel that the indices will bounce back after a correction as that could spur buying by new investors. READ MORE

Are tech charts too signalling a rebound in sentiment? Read