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Below is quote on Morning market 10 February 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services

"Technical factors are contributing to the excessive volatility in the market now. At 17050 Nifty, the market was oversold, and therefore, temporary positive news triggered short  covering pushing the Nifty to above 17450 level. This kind of short-term movements are likely to be repeated in the coming days which are event heavy. RBI's decisions and commentary will have short-term impact on the market. RBI is likely to start the policy normalization process by raising the reverse repo rate.

From the global market perspective the CPI inflation data from the US expected late today will be the most important factor determining the global market trend. In brief, huge volatility is in store"

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