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Breaking RBI MPC holds repo rate at 6.5% for 6th consecutive meeting — statement awaited
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Zone Analysis
The 22,400–22,420 band has emerged as a critical demand zone tested 4 times this week. Price is currently sitting at the midpoint between ATM CE and PE premiums, suggesting a wait-and-watch approach. A clean break and hold above 22,520 opens targets of 22,700. Until then — shut up and wait for your zone.
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