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Consecutive narrow ranged bodies near the lower end of the ongoing channel support is evident. With both its trend strength indicators trending within their respective negative zone is a sign of concern. With No Clear reversal patternyetonits daily scale sustenance above 17260 looks unlikely while 17560 its 200 DEMA level remains a strong hurdlefor thisseries.On the flipside a breakdown after some consolidation below 16900 would immediately drag the index furthertowards16750 & 16600 zone (61.8% retracement support of its prior bullish impulse). As the weekly trend remains down any consolidation to pullback would provide further opportunity to deploy fresh shorts until a clear reversal candlestickformation is not established on its daily scale. Due to expected heightened volatility its ideal for amateur traderstoremainon the side-line & wait for clear signals to redeploy positions. 17-Mar-2023 /10/20 Trade Scanner: HCLTECH, HINDALCO, HAL, LTTS, TATACONSUM, GRASIM, BHARTIA

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