The market particularly isn’t very supportive and if the Bear onslaught continues on Nifty , PSU banks with relatively weak fundamentals compared to their private peers may be an easy target for Bears looking for new opportunities to some stocks.
I can see that Bank of Baroda NSE:BANKBARODA faced stiff resistance today at around 141 levels,which is level of its previous downmove.
A fall from here can send it tumbling down to ~ 125 levels and below.
Tomorrow’s candle will be crucial.
Also,be careful as results are set to be declared on May 25.
Disclaimer: Views expressed here are my own, and should not be interpreted as an Investment Advice. Please consult your Financial Advisor for investments.