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Meaning of - Market is range bound

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(Querist)
29 May 2008 I frequently hear analysts say on TV that " Market is rangebound" while talking about share price movement.

Please let me know the meaning of the phrase.

Thanks
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Shyam Lal Naik

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Shyam Lal Naik (Expert)
30 May 2008 It means the market will flactuate within a range. It is neither a bull phase or bear phase.

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