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Markets
Avoid long positions below 20DMA
Market-linked debentures under tax net
Pullback rally more likely
Nifty may trade in 17405-17774 range amid high volatility
Top-7 firms shed Rs 2.16 lakh cr in mcap
Scattered options OI bases point to wide-range trading
Nifty still hovering in defined range
Charts indicate neutral to positive
Avoid long positions until Nifty closes above 17990
Options spread implies heavy short build-up
Volatile trading ahead of Q3 earnings season
Further selling likely
