Outlook for banks and the O&G sector looks positive.
Banks: This one was hammered the most in the past month.
Technically the BSE Bankex seems to be breaking off the wedge shaped formation.
So it should lead the Sensex in the near future
As mentioned earlier post, Axis and Yes bank are good picks among individuals.
On the O&G sector charts, positive divergence is seen with RSI,
This sector too is to lead on the gains to the broader markets forward.
An important stock to look out for should be Reliance Ind.
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