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Economy
Unwinding of positions likely
Markets
Sensex holds lower high formation on intraday charts
Any decline below 17052 (200DMA) will be negative for market
Markets may move in neutral to negative zone
Wait for a decisive move above 50 and 20DMAs
Nifty indicates long-term bearish sign
Avoid aggressive positions on either side
Higher probability to test 16962 level
Despite Omicron threat, markets edge up
60,700 pts a support level for day traders
Bulls are still in total control
Take cautious stance near resistance level