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Markets
Quick pullback rally till 64,400-64,500 likely
MACD shows bearish momentum on all time frames
Charts indicate continuous bearish trend
Stay on neutral to bearish
Market texture is non-directional
Range-bound trading likely
Recovery continues as ME fiasco fears fading
Decisive move above 19,778 will confirm rally continuation
Fin, auto stocks drive rebound on bourses
Economy
Positive sentiment likely to continue
Mkt hovering in consolidation phase
Pullback rally likely
