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Volatile trading with negative bias likely
Consolidation may continue further
Traders awaiting either side breakout
A decline below 16855 may confirm downside move
Sensex may decline further
Nifty stages bearish setup with MACD declining below zero line
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All eyes on Q2 earnings, micro data
RSI in neutral zone, MACD below zero signal line
OI spurt in Calls, Puts indicates sideways trading
Nifty forms higher lows, higher high
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Higher bottom formation indicates further rise
