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Markets
Nifty forms lower high candles
Nifty in oversold zone
Quick pullback rally is likely
71,250 to act as support level
Volatile market texture
Wait for further uptrend from current level
Stock Market
Pullback formation is likely to continue
PSU Bank index lost the most this week
Nifty Midcap-100 up 44%, Smallcap-100 surges 54%
Charts indicating possible consolidation
Range-bound activity likely
Utilities in focus at MFs