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• Equity markets remained range-bound for the third day in a row and ended marginally lower on Thursday.
• The smaller degree of higher tops and bottoms is intact on the daily chart and the recent unfilled opening upside gap around 19250 levels could offer support for the market during present consolidation to form a higher bottom.
• The net short position of FIIs increased marginally from Rs 1.514 lakh crore on Wednesday to Rs 1.518 lakh crore.