ETMarkets Smart Talk | Buy PSU bank stocks on dips, says Rohan Patil of Samco Securities
The Banking Index was under immense selling pressure and on the weekly chart, it underperformed against the benchmark index. Bank Nifty has closed below 9 & 21 EMA on the daily chart but on the weekly time frame, index is trading above its 21 EMA which is placed at 41,017 levels. The overall trend is bullish as prices are trading within the rising channel pattern with higher high higher bottom construction on the weekly scale.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
