CNX-PSUBANK- 3732

CNXPSU bank has moved above 200 week EMA in May and stayed above is for last 22 weeks its longest period for which it has stayed above it. previous in 2012 and 2013 it stayed above it for 14 and 13 weeks respectively and this time it is above it for far more time than the previous occasions, thus indicating the strength of bull in PSU stocks, this is clearly indicating that we might see a good movement in PSU banks in coming weeks, any move below 3350 would indicate reversal of the same. So till its above 3350 we can see good healthy movements in PSU stocks. 

M.Mahiidar

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