Short PSU banks

٢٣ أكتوبر ٢٠١٨

CNXPSUBANK breaks below range of 2655-2700
majorly contributed by SBIN which breaks below support of 256

next support for CNXPSUBANK would be around multi-year support level of 1900-2050
which would mean that SBIN expected to test support in 232-235 range

٤ أغسطس ٢٠١٩

ملاحظة

after months CNXPSUBANK is back in the range of 2655-2700 with the difference that this time SBIN is at of 308 after fall from its recently-made all-time high of 373 and not-so-good result before the Friday's close.

next support for CNXPSUBANK remains around multi-year support level of 1900-2050

But the question remains whether would government again jumps in (ofcourse not to support SBIN fall but market as whole) or this time its different !