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Traders are more confident in carrying forward long positions. So all in all it just indicates that the markets have more headroom to move up higher. With the market breadth being a bit shallow than what was earlier, traders should be more confident on the large cap fronts rather than midcaps and small caps.
Read more about Chart check: SBI Q4 result fuels rally in PSU banks. Should you buy? on Business Standard. A breakout in SBI share may result in a rally towards Rs 450 levels
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Read more about Brokerages set to extend rally as markets remain resilient to second wave on Business Standard. Increased volumes-based buying shows market participants' keen interest in brokerage firms
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