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Nifty PSU Bank Index

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CNXPSUBANK trade ideas

Nifty_PSUBanksThis Index gives clarity as regards how PSU Banks are going to fare. From lows, the Index has come up to 200 DMA. But there is lack of direction. It is learnt that RBI is working hard to settle the nagging issue of NPA. If the efforts of the RBI bear success this Index will settle above 200 DMA and scale up. Then we may invest in good PSU stocks such as SBI. At the moment no other PSU Bank is faring well except SBI which is in trading mode with some stability.
NSE:CNXPSUBANKEducation
by ParimalDevnath
ASCENDING CHANNEL ON HOURLY CHART IN PSU BANK INDEXTHIS HOURLY CHART PANEL SHOWS CRUCIAL POINTS THIS MEANS THAT THE INDEX HAS ACTUALLY TRADING IN A RANGE WHICH IS VISIBLE IN STOCKS LIKE:- SBIN,CANBK,BOB,BOI IF YOU WATCH INDIVIDUAL CHARTS MKT MOVES FROM BOTTOM TO TOP AND SO FOURTH BUT CREATING GRADUALLY(HIGHER HIGH AND HIGHER LOWS) TRENDLINE BREAK WILL TEST 3190-50 UPSIDE THERE IS CHANCE OF TEST 3350 BUY CANBK @278.5 STOP@273.85 TARGET@288 LOT:2000 QTY:1 BUY SBI @306 STOP@304.15 TARGET@311.5 LOT:3000 QTY:1
NSE:CNXPSUBANKLong
by manavtechresearch
PSU Bank Index showing signs of a Turn aroundPSU Bank Index is was trading near Historical Support Zone and Failed to Break on the downside. Reasons: The Green Zone can be seen a Strong Support on Monthly and Weekly Charts. It has made a Triple Bottom near the Support. Weekly Closing Strong Bullish Candle. Monthly Closing Bullish Engulfing. Still ~300 points far from the immediate resistance. How to Trade: This will give a good base for PSU Banks Stocks to Launch again after months of Correction. Do not overexpose but while keeping an eye on Fundamentals once can trade long on the Index. My Favourites are NSE:SBIN NSE:BANKBARODA NSE:BANKINDIA NSE:CANBK NSE:INDIANB Smartly accumulating and Buying on Dips can give good returns in these Stocks
NSE:CNXPSUBANKLong
by PawanThakur