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Nifty forms bearish engulfing candle
Nifty charts signal more consolidation ahead
Lower VIX may trigger profit-booking
Nifty may resume downward move below 19,436pts
Nifty chart formations show a pause in trend
Nifty indicators signal weakening strength
Charts indicate indecisiveness in mkt
Mkts hovering in consolidation mode
Wait for confirmation on trend reversal or continuation
Wait for a breakdown at 19,560 level for shorting
Avoid fresh long positions
