@NIFTYPSU BANK INDEX
Psu bank index big breakout after long time consolidation(2010) on weekly basis.
I think this time to make psu bank list for investment purpose with good fundamental
Currently all PSU bank clear bad npa allmost and generate good NIM & Eps etc and also declining npa.
We know that psu bank always have bad npa in last past year thats the reason market does not give any valuation to psu bank or index which is show in psu index price.
But now bank clear npa and genereate good eps. So market give value to some psu bank and also index.
So we have to focus some psu bank and make a watchlist.
DESCLAIMER- THIS ANALYSIS IS ONLY EDUCATION PURPOSE
PLEASE DO YOUR SELF STUDY BEFORE TAKE ANY ACTION.
Psu bank index big breakout after long time consolidation(2010) on weekly basis.
I think this time to make psu bank list for investment purpose with good fundamental
Currently all PSU bank clear bad npa allmost and generate good NIM & Eps etc and also declining npa.
We know that psu bank always have bad npa in last past year thats the reason market does not give any valuation to psu bank or index which is show in psu index price.
But now bank clear npa and genereate good eps. So market give value to some psu bank and also index.
So we have to focus some psu bank and make a watchlist.
DESCLAIMER- THIS ANALYSIS IS ONLY EDUCATION PURPOSE
PLEASE DO YOUR SELF STUDY BEFORE TAKE ANY ACTION.