it seems bank nifty may have a catch up rally if takes out the resistance shown
in the chart,
pvt sector banks have already shown up move
recent up gradation of sbin and any thing positive from pnb result
may help in steering banking index ahead.
all these banking stocks are trading way below their 200 dma
if nifty has outperformed bank nifty and this out performance likely to be reduced to some extent.
only to be seen how pnb result affects markets its assets qualities have improved it seems.
I am waiting for how brokers react to its result.
don't forget to like my post.
follow me to get updates
in the chart,
pvt sector banks have already shown up move
recent up gradation of sbin and any thing positive from pnb result
may help in steering banking index ahead.
all these banking stocks are trading way below their 200 dma
if nifty has outperformed bank nifty and this out performance likely to be reduced to some extent.
only to be seen how pnb result affects markets its assets qualities have improved it seems.
I am waiting for how brokers react to its result.
don't forget to like my post.
follow me to get updates
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