CNX PSU banks-4309/- seems to be heading higher it has moved above 200 week EMA then came back took support and then started to move up with very high volumes(indicated by blue arrow) this is a perfect technical set up and it is suggesting that its wants to move up further. The index is indicating that the psu banks have the chances of moving up from current levels. So we have to look into the constituents of this index and look whether we can take positions into them. But the index is suggesting that it wants to move up.

May All be Peaceful and Happy
M.Mahiidar
Enjoying Life
Trend is friend.