As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
The private sector banks, particularly large-cap ones, appear to have valuations that accommodate current headwinds. Large-caps offer attractive investment opportunities compared to mid-caps and small-caps,
Similar levels would be closer to around 49,100 to 49,200, I think in that range we should see resistance going forward and probably another leg
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