Short PSU banks
Updated
CNXPSUBANK breaks below range of 2655-2700
majorly contributed by SBIN which breaks below support of 256
next support for CNXPSUBANK would be around multi-year support level of 1900-2050
which would mean that SBIN expected to test support in 232-235 range
majorly contributed by SBIN which breaks below support of 256
next support for CNXPSUBANK would be around multi-year support level of 1900-2050
which would mean that SBIN expected to test support in 232-235 range
Note
after months CNXPSUBANK is back in the range of 2655-2700 with the difference that this time SBIN is at of 308 after fall from its recently-made all-time high of 373 and not-so-good result before the Friday's close.next support for CNXPSUBANK remains around multi-year support level of 1900-2050
But the question remains whether would government again jumps in (ofcourse not to support SBIN fall but market as whole) or this time its different !
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