Nifty PSU Bank Index
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PSU Banks still a better bet

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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.

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