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NIFTY PSU BANK Index Has seen Breakout

Long
NSE:CNXPSUBANK   NIFTY PSU BANK
Nifty PSU Bank Index is trading above 200 Exponential Moving Average (Weekly) and has seen trend line breakout, Also Index is outperforming Nifty Index. We may see Sharp up move in PSU Banking stock like SBIN, Bank Baroda, PNB, CANBK From FNO Space, Once should ride the trend using hedging Strategies.

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