The Nifty PSU Bank Index is attempting to break out above a key resistance (~7,200). Momentum is neutral-to-positive but not strongly overbought, indicating a potential for further upside if resistance is decisively breached. A failure to break out might result in another consolidation or pullback.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.