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Markets
Sensex holds lower top formation
Nifty enters strong bearish zone
Larger texture of mkt still on down side direction
Nifty forms Long-legged Doji
Current texture is weak and oversold
Key indices rebound after 5-day losing streak; RIL leads charge
Economy
Unwinding of positions likely
Sensex holds lower high formation on intraday charts
Any decline below 17052 (200DMA) will be negative for market
Markets may move in neutral to negative zone
Wait for a decisive move above 50 and 20DMAs
Nifty indicates long-term bearish sign
