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TheWizardsZone
Feb 4, 2021 10:27 AM

CNXPSE: Gearing Up for A Big Take Off Long

Nifty PSE IndexNSE

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With the big mind set change of the Government towards PSUs over the last 1 year (stopping of CPSE offers, announcing Privatization of BPCL and CONCOR Last Year) and now a clear vision being communicated in the Budget...CNX PSE Index is gearing up for a big take off...if we go by the charts if the breakout sustains above 3100 then we are talking above a move towards 4500 or a 50% move from Current Levels....you can choose your stocks which you want to play...but clearly a sector which should not be ignored going forward...obviously a lot needs to be achieved by the Government in terms of actual delivery of what they are promising for such targets to be achieved
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