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Markets
Market hovering in non-directional trading
Nifty forms a long upper shadow candle
Current market texture still non-directional
Market in range-bound trading
MACD indicates fresh bearish signal
Avoid fresh short positions
Short-term mkt trend still looks positive
Large-cap stocks could attract more attention
Nifty not showing any weakness in the trend
Charts indicating indecisiveness
Call writing at ATM/ OTM strikes signals selling pressure
Correction more likely ahead of elections