All PSU Banks are blazing. So Bank Nifty scaling dizzy height, life high. SBIN is also reaching to previous high. A breakout will have strong influence on all other PSU banks and BN . Till that happens, some consolidation is possible.
India is entering the month of general election. This will have strong bearing on market.
PSUBank sector is witnessing strong upsurge because of the loan recovery process gathering momentum from the Nirav Modis and Vijay Malayas. This is quite significant development in the history of independent India.