With the market perched at 17,000 levels, is most of the juice out of the rally? In an interview to CNBC-TV18, Madhav Bhatkuly, Director of New Horizons Investment, said the markets would be range-bound for a while — the Sensex may range between 12,000 and 18,500 and the Nifty may range between 3,500 and 5,500, he said.

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