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Markets
Some consolidation likely in near term
Nifty forms long bullish candle
Key indices rebound on unabated FII inflows
Charts indicate limited upside move
Charts indicating lower high formation
Inflation, rate hike fears casting shadow on bourses
It’s not a time to hold long positions in stocks
Range bound trading likely
Windfall tax cut fuels oil stocks
Nifty trading below all key short, medium-term averages
MACD shows increased bearish momentum
