PSU Banks still a better bet
Nifty PSU Bank CMP -6598
Fibs- the Index took support at 61.8% fib retracement from a higher zone. This is an indication of bull trend being intact.
Trendline - it is also at its trendline support. which is +ve
RSI- the oscillator is above its bull zone and that is again a positive sign.
Conclusion - hence to me the PSU banking space is a better bet.
Fibs- the Index took support at 61.8% fib retracement from a higher zone. This is an indication of bull trend being intact.
Trendline - it is also at its trendline support. which is +ve
RSI- the oscillator is above its bull zone and that is again a positive sign.
Conclusion - hence to me the PSU banking space is a better bet.
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