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Range-bound activity likely in near future
Asian markets take a breather amid US ban on Russian oil
A close below 53,200 level would be negative for market
Recovery continues on Ukraine's softening tone
Reversal formation may continue
Markets snap 4-day rout on value buying, exit polls
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Pullback rally possible above 53,300 level
Global stocks sink as oil price rises, Ukraine conflict deepens
Selling intensity decreasing
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