BANK Sector : Downside risk not particularly high

The BANK sector has VST support a 368, and if taken out, which we think it may be should result in a pullback to 360 or so, albeit with additional support at 365

There is more significant support a 350-351, which will need some very bad news and heavy foreign selling if it is to be retested before the end of the week or early next.

 

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