In Retreat

In Retreat Nishtar DALAL STREET has beat the retreat after striking a new high for the year in the third week of June. It has moved below its June low and there is no indication yet that the current phasu is nearing its end. That the retreat has been orderly is attributable mainly to strong bull manipulation, A few prominent bulls have such a fantastic stake in the market that they simply cannot afford to let go their control; they have to keep on supporting the market anyhow.