Nifty PSU Bank has crossed above 12 year strong horizontal resistance line and given a strong weekly closing. BOB,BOI,PNB,Union Bank of India , SBI and Canara Bank all are doing good. Above the blue trend line it may boom to new highs.
Note
511 points move so far. Now the index is near the 2010 top ( the upper most horizontal green line ). A caution is must now.
Note
It has broken 13 year long horizontal resistance line today.
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