Focus on large caps

I could be wrong but if I were to stick my neck out, my sense is we could have a bit of a breakout today at index level. I say this because there were some shorts, which were created yesterday and the market ended at low point and if these shorts don’t get follow through, in that case, they will be covered and the Bank Nifty has now factored in a no rate cut and in that sense there could be some positive surprise so that could help.

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