market has still not reached the oversold position and is taking a breather before then next leg of the rally . targets for nifty in the near term are 3050 and 3100 with 3050 being a key resistance level
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Disclaimer: Investing in any equity is risky. Our recommendations are based on reliable & authenticated sources believed to be true & correct, and also is technical analysis based on & conceived from charts. Investors should take their own decisions. We assume no responsibility for any transactions undertaken by them. The author won't be liable or responsible for any legal or financial losses made by anybody.
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