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Nifty PSU Bank index

10 Jun 2021 ‚óŹ 06:35 AM

PSU banks pulled back to the 20dma and are bouncing up today, a good level to take the call that the correction near term is done and uptrend resumes. prices were also moving inside this narrow channel. The lower end of the Nifty PSU bank index is at 2430. The top-end will be 2674. I am looking out for if the next move higher will be the same slow move or speed up and go past the channel.

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