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Quote on Morning market 29 March 2022 By Dr. V K Vijayakumar, Geojit Financial
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Below is quote on Morning market 29 February 2022 By Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services
"This has been a 'buy on dips' market in the short-term with buying emerging at 17000 Nifty levels and selling pressure emerging around 17400 levels. There is a good possibility of the 17000-17500 Nifty range getting broken on the upside with a surge in Bank Nifty. Q4 financials results can provide the ammunition for this breakout. Stability in global markets, softening crude and chances of a ceasefire in Ukraine can provide the positive backdrop for this breakout.However, high US inflation and an increasingly hawkish Fed are major headwinds for equity markets globally. Expect high volatility"
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