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Markets
Profit booking in oil, FMCG, banking stocks keeps indices in red
Charts indicating lower high formation
Charts indicate further uptrend
Sensex to see rangebound activity
Uptrend wave may continue for now
Mkt reacts negatively to RBI's policy review
Industry
Uptrend may continue in near term
Charts indicating temporary weakness
Close below 20-day SMA broadly negative
Counter-trend may continue for another 2-3 days
Sensex forms bearish candle, signaling weakness
Sensex forms Long Leg Hammer