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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
MACD histogram shows increased bearish momentum
MACD indicates fresh sell signal
Long unwinding right strategy now
Better to book profits in over-extended rally
Don’t take short positions if Nifty trades above 19,562
No bearish signs in over-extension of a rally
Charts indicate over-extension of rally