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Markets
Few bounces likely in oversold zone
Stay on neutral to bearish
Nifty hovering in consolidation mode
Stay away from long positions
Caution alert on leveraged positions
Charts hold trend exhaustion
Charts indicate waning strength
Decisive move above 19,778 will confirm rally continuation
All sector indices losing momentum
Nifty forms Hammer candle
Any further spurt in VIX will hurt bullish bias
Equities see sharpest decline in recent times
