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Bank of Baroda
In line with other PSU banking counters, BANKBARODA is trading with negative bias. Currently, it’s hovering in a narrow band while holding below the resistance zone of multiple moving averages on the daily chart. Indications are in the favor of fresh breakdown in near future. We suggest using any bounce to initiate fresh shorts position in the given range.
Sell Futs Bank of Baroda @120-122 Stoploss 125 Target 112 CMP 118.70
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