PSU Banks still a better bet
Nifty PSU Bank CMP -6598
Fibs- the Index took support at 61.8% fib retracement from a higher zone. This is an indication of bull trend being intact.
Trendline - it is also at its trendline support. which is +ve
RSI- the oscillator is above its bull zone and that is again a positive sign.
Conclusion - hence to me the PSU banking space is a better bet.
Fibs- the Index took support at 61.8% fib retracement from a higher zone. This is an indication of bull trend being intact.
Trendline - it is also at its trendline support. which is +ve
RSI- the oscillator is above its bull zone and that is again a positive sign.
Conclusion - hence to me the PSU banking space is a better bet.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.