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RELIANCE INDS :
Needs to cross 1060 to head to 1100 odd.
Supports now placed at 1010.
Small breakout but may face resistance at 1045-1050
AXIS BANK :
The stock has not been able to clear beyond 1345 in the past 3-4 attempts. Will RBI meet help it or will take yet another hit from the same level.
CANARA BANK :
Almost a breakout ! Sustaining above 635 can take it to 670 +
Many of the PSU banks and private banks have seen some buying in last two sessions as well as are well placed technically.
Is the market expecting a lesser cut from RBI ? or is the rate cycle nearing an end?
Difficult to take a guess but charts give a positive bias.
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