Barring a few weeks or months of turbulence, this could be a very bullish chart. In the short term, we can see 10-15% correction but overall things look really good for PSU Banks. Important levels have been mentioned in chart. If 5336 gets broken, we could be in for massive rally from this level. Immediate target is 5335.35-5299.30 Level.
The chart of the nifty psu bank & bank nifty this is show at this time nifty psu bank give more strength than bank nifty,
At the time rarely see when goverment bank company lead the bank nifty
NIFTY PSU BANK HAS GIVEN A FLAG BREAKOUT STOCK LIKE SBIN , PNB AND BANK OF BARODA CAN RALLY HIGHER
This seems to be in a triangle. An up move can come following a dip for wave e. A corrective structure is also forming in SBIN. So both of them can move up together. Tomorrow is RBI policy outcome. Let's see.