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The market turned highly volatile amid an eventful week. The political drama in Karnataka continues to unfold as uncertainty over who will form the government remains.
If that wasn’t enough, rising US bond yields and crude oil prices and spiking inflation are among the major headwinds for the markets.
A smaller timeframe chart analysis indicates that the Nifty has broken from its head and shoulder pattern. This pattern is generally seen around the tops after a strong rally.
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