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Atul Suri, Fund Manager, Rare Enterprises, said the market uptrend has not resumed. "It looks more like a bear market rally. We can see around 25% pullback from the lows of the correction. The correction was overdone and hence we are seeing a bounce back now. We are not in an uptrend until the Nifty goes above 5,400-5,500 levels.

Suri said he would look at booking profits when the Nifty goes up to 5,300-5,400. "However, I would look at exiting only if we see less signs of strength."

Source: Moneycontrol.com