Buy Nifty PSU Banks for breakout target

Pee Vee
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Buy Nifty PSU Banks for breakout target

Postby Pee Vee » Tue Apr 11, 2017 3:12 pm

Nifty PSU Banks to zoom…
Declining Trend Line breakout

Nifty PSU Bank Index has been in a declining trend since hitting its December 2015 peak of 4453. The index corrected sharply till December 2016 and since then the index is showing tremendous strength and has reversed from a falling trend.

If the breakout unfolds the way it should then we expect a potential target of 4140 in the next 9-12 months.

BUY – State Bank of India – Target Rs 355 – Stop Loss – Rs 252

BUY - Oriental Bank of Commerce – Target Rs 190 – Stop loss – Rs 115

Click here for the detailed report on the same.
Warm Regards,
India Infoline Research

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