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Nifty trading below all key short, medium-term averages
Volatile trading more likely
Avoid long positions until Nifty closes above 17990
Market in non-directional activity
Pullback formation may continue till 61,200
Markets gaining steam
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Q3 earnings to set the tone for markets
Options spread implies heavy short build-up
Stay on the sidelines until the directional bias emerges
Further weakness likely
Avoid long positions for now
Markets to reel under pressure
